Displaying items by tag: corruption in Cameroon http://www.cameroon-concord.com Tue, 19 Nov 2019 13:32:01 +0000 Joomla! - Open Source Content Management en-gb Cameroon Airlines gets back its confisticated plane after payment of debt under hard struggle http://www.cameroon-concord.com/business/cameroon-airlines-gets-back-its-confisticated-plane-after-payment-of-debt-under-hard-struggle http://www.cameroon-concord.com/business/cameroon-airlines-gets-back-its-confisticated-plane-after-payment-of-debt-under-hard-struggle Cameroon Airlines gets back its confisticated plane after payment of debt under hard struggle

The Boeing 737-700 of the Cameroonian Airlines Corporation (Camair-Co) which was seized in France, has been returned to the company.According to the sources the happy ending came after the payment of $1.4 million which the US-based Aviation Capital Group (ACG) had been asking from the Cameroonian company for a long while with no one taking responsibility.

To date the Camair-Co float is made up of three aircrafts which enables her services across Africa  and stopovers in France which serves as its so called Godfather.

The airlines which is 100 percent owned by the Cameroonian State re-launched its activities on 28 March 2011.

The national career has since witnessed countless resignations of its managers with heavy debts estimated between $19 and 20 million,corruption and interfearance from  Government officials occupying passenger seats with their girlfriends for free  on weekend trips to France.

According to observers the difficulties of the company are mainly linked to such demise , coupled with uneasy social atmosphere.

]]>
bogus@bogus.com () Business Wed, 23 Jul 2014 00:00:00 +0000