Camair-co financial crisis: The truth is out!!

It has been made public that most of the contracts engaged by Camair-co under the successive leadership of Van Elk, Matthijs Boertien and Mbotto Edimo were fake and eventually led to business failure. An investigation carried out by some local media houses in Cameroon on 150 contracts signed by Camair-co general managers found out that more than 70 were fictitious including those related to the hiring of aircrafts and pilots.

Mindful of Article 8 of presidential decree 2006/293 of 11 September 2006 that provided guidelines for the recruitment of pilots, Cameroon Concord has learned that the team headed by Mr. Alex Van Elk recruited pilots with little or no experience. Moreover, some pilots recruited from the migrant community had their contracts signed without consultation with the guardianship of the company. Some of the foreign pilots received training to qualify to fly the Boeing paid for by our national carrier. The case of a Spanish citizen, Eduardo Soria Fairen is quite indicative. He was recruited with no experience and Camair-co spent 18 million FCFA to train him to qualify to pilot the Boeing 767-300 aircraft. 

A sister publication, La Nouvelle Expression reported that while a Cameroonian captain earned around 2.5 million FCFA, the migrant pilots provided by the Park Aviation Limited were paid 5.248 million CFA francs. For nearly three years, Camair-co has paid hush hush money to 14 foreign pilots causing the company nearly 333 946 800 CFA francs lost during all these years. These contracts are professionally inappropriate and costly.