Camair Co and Boeing Consulting American company have signed a contract agreement by entrusting to an audit for the revival of the Cameroonian public airline, on December 15, 2015.

To sign the documents in Yaoundé were John Paul Nana Sandjo, General Director of Camair Co and Michael Bangue Tandet on behalf of Boeing. Also present was Edgard Alain Mebe Ngo'o, Cameroon's Minister of Transport and Michael Stephen Hoza, Ambassador of USA in Cameroon.

Recovery plan

According to sources introduced, Boeing Consulting landed in Cameroon with a specific mission. Most of the work is available in the review of the company's recovery plan prepared internally by the company officials and submit the final draft to the discretion of the government.

The American consultant will also prepare the 2016-2019 business plan for the company, in conjunction with senior management. But, according to the DG of Camair Co, Boeing Consulting work is expected to exceed the scope of the audit and the relaunch of the company, to extend to a technical partnership.

John Paul Nana Sandjo said the consultant will help the airline to ensure public stalled in Cameroon, the maintenance of its aircraft. So far, this activity is expatriate and costly to the company.

Earnings

The choice of Boeing Consulting, sources said, follows a request in which Edouard Akame Mfoumou was seeking the president's agreement to use the Boeing Consulting to revive Camair Co and will benefit from Boeing's technology by making use of its equipment manufacturer.

It will benefit from the greater ability to mobilize funding through Boieng Finance and GE finance the engine manufacturer General Electric. At this level, we will discuss the management of the ongoing maintenance and operation assistance that are the Achilles heel of our national airline. Boieng Consulting will, therefore, help our national company to develop an operating strategy as well as a rapid development plan.

This will, of course, go through a suitable adaptation of equipment for better performance. Eventually, Camair-co will also benefit from the assistance and advice to enable real development of its structures with necessary infrastructure accompanying hubs for passengers and freight (hotels, buildings, modern transit facilities).

It will, therefore, be without blows of a partnership that ultimately will enable Cameroon to have an airline to match its ambitions and, thus, become a real support tool for the development of Cameroon.

This option does not exclude the participation of other stakeholders qualified to audit camair-co.

Last September, Alamine Ousmane Mey, the Finance Minister, called for expressions of interest for the recruitment of a consultant to audit and support Camair Co in developing a plan for restructuring and recovery.

Firms interested by this offer had until September 30, 2015, to apply. The auditor will be retained and will work alongside Boeing Consulting. As a reminder, since its maiden flight in 2011, Camair Co, whose numbers are considered overcrowded, only survives thanks to financial infusions from the state. The company has a fleet limited to three aircraft and is officially in debt to the tune of 30 billion FCFA.

Recently, the state raised 25 billion FCFA from a local bank pool to finance the recovery of the state airline plan. The use of funding 25 billion FCFA obtained from the banking pool will depend on the adoption of this new plan and will be in accordance to it.