- A Reuters news wire reports Cameroon state airline Camair-Co will use $50 million from African lender Ecobank to relaunch its operation
- The article says national carriers in West Africa are seeking cash and strategic partners to stay afloat.
- Camair-Co general manager Jean Paul Nana Sandjo said it expected to receive the 30 billion CFA francs within two to three weeks.
- The money will be used to buy new planes and improve maintenance procedures.
- “We will roll out our recovery plan which includes acquiring six aircraft to add to two new (Chinese-made) MA60s,” Sandjo told the state newspaper on Wednesday. “That will bring Camair-Co’s fleet to 11 planes by July or August.”
- Sandjo said maintenance on the company’s fleet had to be carried out in Europe, which was costly and time consuming, causing the cancellation of flights. The company has a staff of 700 for its three aircraft, he told the newspaper.
- Source Reuters
