in Air Transport

Camair-Co acquires two B737-700s

Posted 24 April 2017 · Add Comment

Camair-Co has taken full ownership of two B737-700s it has been leasing from the Aviation Capital Group for the past six years, reports ch-aviation.

A Cameroonian government statement issued following the signing ceremony on Wednesday, April 19, said that the airline has paid XAF19 billion CFA francs (USD31 million) in dues to ACG for the lease of TJ-QCA and TJ-QCB since the original contract was signed in 2011.

The purchase, which is aimed at easing the airline's monthly cost burden, forms part of the loss-making carrier's turnaround plan as devised by Boeing Consulting. With the two B737s now on its books, Camair-Co's fleet consists of five wholly-owned aircraft including one B767-300(ER) and two MA-60s.

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