logoBC
Yaoundé - 02 October 2022 -
Transport

Camair-Co suspends its Abidjan, Cotonou, and Lagos lines

Camair-Co suspends its Abidjan, Cotonou, and Lagos lines
  • Comments   -   Tuesday, 22 October 2019 18:01

(Business in Cameroon) - On October 16, 2019, the managing director of state-owned carrier Camair-Co officially called back the carrier’s six executives in the Abidjan, Lagos and Cotonou agencies. With this official repatriation of its executives, the carrier is suspending its lines serving Côte d’Ivoire, Nigeria, and Benin.

The reason for this decision, issued by the high management, is the cashflow problems that are increasingly exposing the carrier to the risk of activity cessation. Indeed, due to the problems that started since the carrier launched operation in 2011, despite the repeated cash injections by the sole stakeholder which is Cameroon, the carrier’s entire fleet is grounded for various malfunctions.

As a result of these groundings, Camair-Co is now operating with leased planes. In addition, the lease for those planes is not regularly paid.

BRM

cameroon-seeks-to-bring-local-rice-production-to-750-000-tons-by-2030
The Cameroonian government is currently working on a strategy to bring local rice production to 750,000 tons by 2030. The Minister of Agriculture, Gabriel...
cameroon-issued-a-cfa25-billion-7-year-bond-on-the-beac-market-on-sep-28
Yesterday September 28, the Cameroonian government issued a 7-year fungible treasury bond to raise CFA25 billion on the Beac public security...
cameroon-rising-fertilizer-prices-slowed-food-crop-production-in-q1-2022
The growth rate of food crop production in Cameroon fell by 0.4% YoY in the first quarter of 2022, from 2.5% to 2.1%. According to the National Institute...
cameroon-financial-partners-support-local-smes-with-cfa14bn
The Cameroonian Minister of Economy, Alamine Ousmane Mey, signed a partnership agreement last September 27, 2022, with the UNDP Resident Representative in...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »