Camair-Co accounts seized in Paris

The Paris bank accounts of Camair Co, Cameroonian public airline, have been seized by the French justice, to facilitate the collection of a debt of FCFA 600 million on behalf of the company West Engine Acquisition LLC, Intégration, a newspaper published in Cameroon, revealed on April 11,2016.

According to the same source, two accounts opened by Camair Co at Société Générale, seized on February 25 and March 2,2016, only held about FCFA 45 million. The amounts claimed by West Engine Acquisition LLC represent the rental fees of a Pratt and Witney engine to Camair Co.

This engine was installed in the Boeing 767 of the company labelled “Le Dja”, which enables Camair Co to operate on international routes, including France. The lease, now the object of a legal dispute between the two partners, was agreed in 2014 for a duration of 7 years, with a fee of USD 74,000 per month, approximately FCFA 40 million.