Struggling West African airlines seek capital, partners

April 16, 2015 4:32 PM

60 0

YAOUNDE/DAKAR, April 16 (Reuters) - Cameroon state airline Camair-Co will use $50 million from African lender Ecobank to relaunch its operations, a senior executive said, as national carriers in West Africa seek cash and strategic partners to stay afloat.

Camair-Co general manager Jean Paul Nana Sandjo said it expected to receive the 30 billion CFA francs within two to three weeks. The money will be used to buy new planes and improve maintenance procedures.

Read more

To category page