Camair-Co in heavy difficulties
The Covid-19 health crisis does not help Camair-Co, which is already very ill in its cash flow. In a recent correspondence addressed to the Minister of Finance, its Director General (DG) Louis Georges Njipendi Kuotu, reveals that "the total resumption of operations is not envisaged for three months, having regard both to financial constraints, but also the unavailability of the fleet. "
To date, Camair-co has no operational aircraft. Its two MA60s, formerly deployed on the domestic market, require maintenance; Its only Bombardier Dash 8 is the subject of a unilateral breach of contract by its lessor, Abu Dhabi aviation, which claims millions of unpaid leases; Its two 737-700s, nailed to the ground since February 2019, are desperately waiting to be convoyed for engine maintenance. "There is reason to recall the urgency of the regulation of the aircraft insurance premium evaluated for the first quarter of 2020 at 371 million FCFA to allow the conveyance to the maintenance center of the two 737s" writes the boss of Camair -Co. It is in the Ethiopian Airlines workshops in Addis Ababa that the Boeing 767-300, the company's only long-haul aircraft, has been "abandoned" since January 12, 2018.
Due to this difficult context where Camair-Co’s turnover is zero due to the suspension of operations linked to the Covid-19, Louis Georges Njipendi advocates austerity measures. "I propose to proceed with the lay-off of non-essential staff from June 22, 2020 for a period of three (03) months renewable, if necessary". According to him, this measure "aims in particular to limit the unnecessary increase in payroll debt, reduce the risk of staff contagion and control operating costs. "
But above all, and for the sake of maintaining the social climate, the CEO of Camair-Co calls on the Minister of Finance on the urgent need to proceed beforehand “to settle the arrears of staff salaries for the months of March, April and May 2020 ”as well as the payment of the aforementioned aircraft insurance.
To date, Camair-co has no operational aircraft. Its two MA60s, formerly deployed on the domestic market, require maintenance; Its only Bombardier Dash 8 is the subject of a unilateral breach of contract by its lessor, Abu Dhabi aviation, which claims millions of unpaid leases; Its two 737-700s, nailed to the ground since February 2019, are desperately waiting to be convoyed for engine maintenance. "There is reason to recall the urgency of the regulation of the aircraft insurance premium evaluated for the first quarter of 2020 at 371 million FCFA to allow the conveyance to the maintenance center of the two 737s" writes the boss of Camair -Co. It is in the Ethiopian Airlines workshops in Addis Ababa that the Boeing 767-300, the company's only long-haul aircraft, has been "abandoned" since January 12, 2018.
Due to this difficult context where Camair-Co’s turnover is zero due to the suspension of operations linked to the Covid-19, Louis Georges Njipendi advocates austerity measures. "I propose to proceed with the lay-off of non-essential staff from June 22, 2020 for a period of three (03) months renewable, if necessary". According to him, this measure "aims in particular to limit the unnecessary increase in payroll debt, reduce the risk of staff contagion and control operating costs. "
But above all, and for the sake of maintaining the social climate, the CEO of Camair-Co calls on the Minister of Finance on the urgent need to proceed beforehand “to settle the arrears of staff salaries for the months of March, April and May 2020 ”as well as the payment of the aforementioned aircraft insurance.
Source: newsaero
