Cameroon:Ernest Dikoum will audit the debt of Camair-co and hopes a discount of 10 billion FCFA

Ernest Dikoum

The new CEO wants to be certain of the exact amount before any refund, and hopes that the sum of 35 billion FCFA could be revised to 25 billion FCFA.

The debt of the Cameroonian National Air Transport Company, Camair-Co, estimated at 35 billion FCFA, will be audited. Internal sources indicate that Camair-Co’s new General Manager, Ernest Dikoum, wants to take every precaution to shed light on this issue. For him, “it is difficult to agree on the exact volume of the debt,” one learns.





For Ernest Dikoum, we should not stay fixed on the 30 or 35 billion CFA francs. “We are in the process of selecting a firm that will audit this debt,” he said. In other words, “when we’re going to analyze the debt, we’re crossing our fingers, maybe some structures will give us moratoria, reductions, etc.” If we audit the debt and it comes back to 25 billion CFA francs, for example, we will commit ourselves to the state, to amortize it in time, “added the Director General.

Camair-Co has adopted the restructuring plan proposed by the US firm Boeing consulting estimated at 100 billion CFA francs, which includes, among other things, The acquisition of 15 aircraft, the opening of new services in Cameroon and abroad and the downsizing.

Pure product of Dubaïote Emirates, the new CEO of Camair-Co is responsible for implementing this recovery plan developed by Boeing Consulting which will continue to advise him to bring the company back to equilibrium by 2018 if the timetable is respected. According to its recommendations, the State must inject 60 billion CFA francs into the company. The new boss will use his address book to acquire nine new aircraft and bring the fleet to fifteen aircraft. A fleet essential to reinforce passenger transport and develop the freight business.




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