Cameroon: Rescue operation, Boeing to unveil revival plan for Camair-co today

US manufacturer Boeing will today Monday, 20.March 2017 unveil its proposal for the relaunch of Camair-co. The American manufacturer, will present the recovery plan for Camair-co that was initially endorsed by president Paul Biya 8 months ago.

The national carrier has been constantly benefiting from the injection of both public and private capital, but due to poor governance in Cameroon, and corruption of its respective managers,the airliner has been for years on the brink of collapsing. 

However, with the new recovery plan from Boeing, the company will be capable of resuming flight. Boeing Consultant's stimulus plan will inject 327 billion CFA francs into Camair-co over a period of 5 years.

Out of that amount, 135 Billion will be urgently needed. The budget from the US manufacturer could help Cameroon's public air carrier to insure on-site maintenance of its 5 air crafts.