Crisis at Camair-co: Pay 5 Billion fcfa debt or Face Bankruptcy

Crisis at Camair-co: Pay 5 Billion fcfa debt or Face Bankruptcy

 

Communications between Camair-co director and the Minister of Finance shows shameless and gross mismanagement at Camair-co.  This letter directed to Finance Minister was leaked to BaretaNews by a source. It reads…..

In a letter, stamped “Very Urgent” addressed Monday, June 13, 2016 to the Minister of Finance, the Director General of Camair-co has reported on the very alarming situation of the Cameroon Airlines. A debt of more than five billion CFA francs to pay as soon as possible if not, aircraft operated by Camair-co will no longer take off. The Dja ( Boeing 767-300), the flagship of the fleet Camair-co which went on repair service since November 2015 to Ethiopia has since last week, again became available and ready for use. Its first flight since its release workshops Ethiopian Airlines had also been scheduled for today Sunday the 19th of June, 2016. Except that this one long-haul aircraft of Camair-co is still grounded for unpaid invoice.

 

In order to resume the air operations , Nana Sandjon Jean Paul, the DG of the national airline has requested assistance from the Minister of Finance. “I have the honor to inform you that the work of technical visit” Check – C “of the Boeing 767-300 ER, the Dja in Ethiopia are now complete and the aircraft’s return to Cameroon is scheduled for Saturday 18 June 2016 and commercial operation in remission from Sunday, June 19, 2016. as mentioned in a previous correspondence, the claims of the Ethiopian Airlines (1 billion FCFA), Honeywell (900 million CFCA) , Willis Lease and AJW (475 million FCFA), totaling 2.375 billion FCFA which must  be paid first before the Dja restarts service.

 

Ethiopian Airlines (maintenance for the Dja), Honeywell (air navigation data) and Willis Lease / AJW-Aviation (rental of two engines) are not willing to grant any delay of payments. The Dja will therefore not return to Cameroon even though the repair work is now complete, or brought back into operation if the aforementioned amount is not paid in full, “explained the Boss of Camair-co to the financier of the Cameroonian government. In the same correspondence, Nana Sandjo John Paul also reveals the threat received from the lessor of two Boeings currently operated by his company.

 

“Moreover, ACG, the lessor of Boeing 737-700 just sent us a warning regarding non-payment of due invoice, for $ 1, 480 billion FCFA. There is an imminent risk of a seizure of our Boeings 737-700 if the claims of the lessor are also paid immediately. ”

 

Apart from Ethiopian Airlines and CAE, other providers are also looking forward,  Camair co-workers as previously reported by this publication area two months in areas in their salary and that the National airline owes all its partners, something the DG has confirmed in another part of the letter to the Minister of Finance below. “In the above-mentioned difficulties, we are also in need of the DEPOSIT to pay for IATA membership in Clearing House (CFAF 250 million),

-the provision Tradex (500 million FCFA),

-Aurona Aviation for the Jet-A1 to CDG (200 million FCFA),

-AJW-Aviation for the equipment carrier (400 million FCFA)

-Alyzia for Ground Handling at CDG (350 million FCFA),

-staff salaries for the month of May 2016 (500 million FCFA CFA) and various claims of other blockers partners Camair-co. The total amount of the above-stated needs amounted to 5 billion 445 million FCFA “concluded Nana Sandjo.

BaretaNews thinks that the regime of Paul Biya is a mess. It is a falling regime with no accountability. No sector within the country seems to be working effectively. This is a regime that must be flushed out before or in 2018.

God is still saying something

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One thought on “Crisis at Camair-co: Pay 5 Billion fcfa debt or Face Bankruptcy

  1. Peace

    Rather than blame Paul Biyas regime they who were given the position of authority in Camair should b accountable. So they don’t have a million to pay their staff?? Seriously!

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