Yaoundé - 19 February 2019 -

Camair Co: poor take off in 2019 after great performances in 2018

Camair Co: poor take off in 2019 after great performances in 2018
  • Comments   -   Wednesday, 13 February 2019 12:45

(Business in Cameroon) - Cameroon’s airline Camair Co closed 2018 with a turnover of XAF26.6 billion, up more than XAF10 billion compared to the XAF16.4 billion in 2017, the company’s balance sheet showed.

Yet, the airline sluggishly started 2019 only operating half of its fleet since three of its six aircraft are out of order, two Boeing and a Chinese MA60; a situation that slowed performances, the company said.

In detail, Camair Co collected only XAF1.4 billion in January, far below the average XAF2.4 billion per month throughout 2018. This month (February 2019), the company’s top management forecasts revenues to drop further to XAF700 million.

According to MD Ernest Dikoum, a way out for the company is to quickly mobilize XAF2.5 billion to acquire three rental aircrafts, including two Bombardier Q400 and one Boeing 737. The company also aims, in the short term, to raise XAF5.5 billion and repair the engines of the immobilized Boeing 737s.

Brice R. Mbodiam

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