President of the Republic of Cameroon His Excellency Paul Biya has called for the privatization of the state carrier CamAir Co (QC).
In a letter dated 14 July 2020 addressed to the Prime Minister Joseph Dion Ngute, President Biya; ordered the Prime Minister to urgently work closely with the Ministers of Transport, Finance and Labour and Social Security in coming up with a plan to restructure, revive and develop the airline. Both Camir-Co and the Cameroonian Civil Aviation Authority will play a part in the process. The privatization plan will see up to 51% in share capital being made available for a strategic partner.
Due to travel restrictions placed in the wake of the Covid19 pandemic, about 60% of Camair’s staff has been placed on leave. The airline has been experiencing financial turbulences since 2011. A number of local reports have claimed that staff of the struggling national carrier have gone unpaid for close to four months.
Prior to the travel restrictions, Camair-Co was operating a sole Chinese made Xian Modern Arch 60 (MA60) turbo-prop aircraft. Two of its Boeing 737-700NG had been grounded for various reasons.
As part of making the airline attractive for investment, the government has provided it with funding to service the grounded aircraft and the leasing of additional jets. The US$26 million will go towards return to service of the two Boeing 737s and the leasing of two Dash 8-400s to operate short haul routes on the airline’s network.
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