The new managing team of Camair Co, the Cameroonian public airline, does not seem to agree on the volume of debt of approximately FCfa 35 billion which it inherited. “Let us not stay FCfa 30 or 35 billion. We are selecting a consultancy firm to audit this debt”, the Managing Director of this company, Ernest Dikoum, revealed.
And the MD of Camair Co continues: “When we will analyse the debt, we hope that maybe some structures will grant us moratoria, reductions, etc. If we audit the debt and it drops down to FCfa 25 billion for example, we will take the commitment with the State to service it over time”.
Heavily indebted, the airline Camair Co is facing many managing and financial difficulties since the launch of its activities in 2011. Im June 2016, the American firm Boeing proposed to the Cameroonian government a stimulus plan for this company, which will cost FCfa 327 billion.
A plea from Cameroon Concord........
Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.
For as little as €1, you can support Cameroon Concord– and it only takes a minute. Thank you.