Business News of Wednesday, 5 October 2016Source: Business in CameroonCamair Co: the State will not continue to inject funds - ChairmanCamair-Co Boeing 737-700On 30 September 2016, Camair Co, the Cameroonian public airline, currently on the brink of bankruptcy, held its 2nd extraordinary board meeting within two weeks. “The owner of the company would want in the very short term, Camair Co to be able to generate the income to finance its activity. The State cannot continually disburse substantial subsidies to support a company which has enough means. The State will not continue to inject money all the time without knowing exactly what is it used for”, specified Mefiro Oumarou, the new Chairman of Camair Co at the end of the 30 September 2016 meeting in Douala. Indeed, since the start of its activities in 2011, the Cameroonian public airline has been surviving thanks to a continuous financial support from the State.

Source: CameroonWeb October 05, 2016 09:53 UTC