Camair-Co


The Cameroon Airlines Corporation, trading as Camair-Co, is an airline from Cameroon, serving as flag carrier of the country, a role which was previously filled by the now-defunct Cameroon Airlines. Camair-Co has its headquarters in the Immeuble La Rotonde in Douala, and operates out of Douala International Airport. The airline has never made a profit, and is struggling under the weight of its debts; most of its aircraft are currently grounded. The company slogan is L’étoile du Cameroun, The Star of Cameroon.

History

Camair-co was created on 11 September 2006 by decree of Paul Biya, the President of Cameroon, as a company aimed at replacing Cameroon Airlines, the country's national airline at that time. The IATA code QC previously belonged to Air Corridor, which has since ceased operations. Cameroon Airlines was shut down in June 2008, but it took until 2011 for Camair-Co to launch flight services. The inaugural flight from Douala to Paris via Yaoundé took place on 28 March. On 30 September 2016 the airline ceased services to Paris as part of a network restructuring exercise.
Lossmaking since its launch in 2011, the Camair-Co reportedly had debts about 35 billion Central African CFA franc, and the Agency for Aerial Navigation Safety in Africa and Madagascar had ordered the company to pay its arrears of royalties amounting to 100,390 million FCFA, under suspension of air navigation services.
Camai-Co was the subject of a recovery plan proposed by the US firm Boeing Consulting in 2016, which included settlement of the outstanding debt, the injection of FCFA 60 billion, resizing of the network and the modernisation of the fleet, but the plan has not been implemented.

Corporate affairs

Ownership

Camair-Co, with a capital of 100 million CFA francs, was created by Presidential Decree No. 2006/293 of 11 September 2006 with the State of Cameroon as the sole shareholder.

Business trends

Camair-Co has been loss-making since its creation. Financial and other trends for Camair-Co are:

20112012201320142015201620172018
Turnover 1528.8
Turnover 32.2
Net profit
Net profit
Number of employees <400520
Number of passengers 0.110.120.24
Passenger load factor 45
Number of aircraft 33355
Notes/sources

Destinations

As of March 2018, Camair-Co offers scheduled flights to the following destinations:

CountryCityICAOIATAAirport
CameroonBafoussamFKKUBFXBafoussam Airport
CameroonBamendaFKKVBPCBamenda Airport
CameroonDoualaFKKDDLADouala International Airport
CameroonGarouaFKKRGOUGaroua International Airport
CameroonMarouaFKKLMVRSalak Airport
CameroonNgaoundéréFKKNNGENgaoundéré Airport
CameroonYaoundéFKYSNSIYaoundé Nsimalen International Airport
ChadN'DjamenaFTTJNDJN'Djamena International Airport
GabonLibrevilleFOOLLBVLibreville International Airport
BeninCotonouDBBBCOOCadjehoun Airport
Ivory CoastAbidjanDIAPABJPort Bouet Airport

Fleet

The Camair-Co fleet consists of the following aircraft :