Cameroon: Government in search of consultants to restructure and reopen Camair Co
Thursday, 17 September 2015 14:57
Cameroon’s ministry of Finance just launched a call for expression of interest to recruit a consultant to audit and accompany Camair Co in drafting a restructuration and recovery plan. According to the government, the plan previously drafted in November 2013 and updated in 2014 could not be implemented up till now. However, with issues (...) piling up, the company’s whole existence is threatened.
Firms wishing to provide their services and revive Camair Co, have to submit their offers latest by September 30, 2015, at the Contracts services of the Ministry of Finance in Yaoundé. It has also been announced that the mission is to be carried over a three-month deadline period.
Since it started operating in 2011, the Cameroonian airline company never truly took off in regards to competition and productivity. With a fleet of three airplanes, Camair Co is presently buried under a huge debt which amounts to FCFA 30 billion, Jean Paul Nana Sandjo, Camair Co’s 4th Director General since its opening four years ago, revealed.
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