Boeing to oversee Camair-Co's turnaround plan

Camair-Co has signed a support agreement with Boeing Consulting for the US firm to help finalise a turnaround plan for the loss-making carrier, reports ch-aviation.

CEO Jean Paul Nana Sandjon said Boeing would first assess a recovery plan that has already been devised by the airline's management modifying it where necessary.

"Together we will prepare Camair-Co's business plan for the period 2016-2019,” said Sandjon. “This document will be submitted to the Government for approval before its implementation."

The plan covers the state-backed carrier's investment needs, fleet and route requirements, and estimates of profitability among others. Boeing personnel will also visit the Central African nation on a quarterly basis for the next year and a half to assess adherence to the plan and to assist in upgrading the airline's IT and MRO infrastructure. Overall, Camair-Co is expected to turn cash-flow positive in two-to-three years.