In a letter, stamped “Very Urgent” addressed Monday, June 13, 2016 to the Cameroon Minister of Finance, Alamine Ousman Mey, the Director General of Camair-co reported on the very alarming situation of the Cameroon Airlines some of which he had denial existed in his company.
A debt of more than five billion CFA francs to pay as soon as possible if not, aircraft operated by Camair-co will no longer take off.The Dja ( Boeing 767-300), the flagship of the fleet Camair-co which went on repair service since November 2015 to Ethiopia has since last week, again became available and ready for use. Its first flight since its release workshops Ethiopian Airlines had also been scheduled for today Sunday the 19th of June, 2016. Except that this one long-haul aircraft of Camair-co is still grounded for unpaid invoice.
In order to resume the air operations , Nana Sandjon Jean Paul, the DG of the national airline has requested assistance from the Minister of Finance.
“I have the honor to inform you that the work of technical visit” Check – C “of the Boeing 767-300 ER, the Dja in Ethiopia are now complete and the aircraft’s return to Cameroon is scheduled for Saturday 18 June 2016 and commercial operation in remission from Sunday, June 19, 2016. as mentioned in a previous correspondence, the claims of the Ethiopian Airlines (1 billion FCFA), Honeywell (900 million CFCA) , Willis Lease and AJW (475 million FCFA), totaling 2.375 billion FCFA which must be paid first before the Dja restarts service.
Ethiopian Airlines (maintenance for the Dja), Honeywell (air navigation data) and Willis Lease / AJW-Aviation (rental of two engines) are not willing to grant any delay of payments.
The Dja will therefore not return to Cameroon even though the repair work is now complete, or brought back into operation if the aforementioned amount is not paid in full, “explained the Boss of Camair-co to the financier of the Cameroonian government.
In the same correspondence, Nana Sandjo John Paul also reveals the threat received from the lessor of two Boeings currently operated by his company.
‘Moreover, ACG, the lessor of Boeing 737-700 just sent us a warning regarding non-payment of due invoice, for $ 1, 480 billion FCFA. There is an imminent risk of a seizure of our Boeings 737-700 if the claims of the lessor are also paid immediately. ‘
Apart from Ethiopian Airlines and CAE, other providers are also looking forward, Camair co-workers as previously reported by this publication area two months in areas in their salary and that the National airline owes all its partners, something the DG has confirmed in another part of the letter to the Minister of Finance below.
In April 2016, two bank accounts of “the star of Cameroon” were seized by the French court’s order to “facilitate the recovery of a debt of 600 million FCFA for West Engine Acquisition LLC, an aircraft engines rental company incorporated in the tax haven of Delaware.
This amount represents rental charges to Camair-Co, on a Pratt & Witney engine, type PW.40603, the serial number is 727393,which was mounted on the Dja(Boeing 767), serial number 28138 and registration TJ, owned by the state of Cameroon.
The National carrier has often used the said aircraft to connect international lines, especially France. The DG of Camair-co did not sound different from our source who has indicated then that it is highly expected and that the West Engine Acquisition LLC Company has already made arrangements to seize Le Dja as soon as the Boeing 767 aircraft lands in the French capital of Paris. Such action will render Camair-co’s fleet to drop to just two MA 60s.
The sitaution of WEA and Camair-co can only be reversed by Akame Mfoumou,Nana Sandjo and Ferdinand Ngo-ngo who are partners of West Acquisition Engine (WEA) LLC, incorporated in Delaware, our source points out.The lease, which is now in dispute between the two partners (West Acquisition Engine (WEA) LLC and Camair-co), was sign in 2014 for a period of 7 years and a rent of 74,000 dollars a month. That is about 40 million CFA francs per month.Add to this debt, as confirmed by the DG in his urgent letter, company sources reveal that some staffs had not been paid their salaries for up to two months.
The crisis for Camair-co, which became operational on 28 March 2011, has been making news headlines lately. By mid 2015, it had net losses estimated at CFAF 5 billion and had received a subsidy of 8 billion FCFA from the State over the same period, totally a net profit loss of 13 billion FCFA. In June that same year (2015) the company which was created by presidential N° 2006/293 of 11th September 2006,had accumulated losses estimated at 52 billion since its inception. At the time concluding the report the company that was created to be self-sustainable is already more than 57 billion cfa in debt.
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