Camair-Co (QC, Douala) is set to embark on a restructuring programme aimed at, among other things, reducing its bloated wage bill. The news comes after the airline's newly convened board held a marathon meeting on November 27, 2013 to map the way forward for the airline. Cameroon's Le Messager says an extensive audit of the airline's overall structure will be undertaken before any layoffs are enforced. Currently Camair employs 520 staff and operates just two B737-700s and a single B767-300. Thereafter, Yaoundé has given a six-month deadline to see a turnaround in the loss-making airline's fortunes. Treasury reportedly subsidizes Camair-Co to the tune of XAF8billion (USD16.48million) per month. Camair could also face fresh home-turf competition in the form of Air CEMAC (Brazzaville) which is now set to be registered in Cameroon. A circular issued by the Economic Community of Central African States (CEMAC) says its planned new regional start-up will be registered and maintained in Cameroon. No exact launch date for Air CEMAC has been given.
Camair-Co to embark on restructuring program
Camair-Co Boeing 737-700,
© Camair-Co