Cameroon’s aviation market experiences strong growth driven by Camair-Co and regional competitors
Cameroon's overall aviation market has grown by 46% in the year to Sep-2013, driven by an influx of Western African carriers competing on regional routes and national carrier Camair-Co adding 77% to its domestic capacity.
The bulk of the growth has come from Western and Central African carriers including Karinou Airlines from the Central African Republic and Rwandair, while Turkish Airlines has provided the country with its third European link.
Camair-Co continues to hold a monopoly, but profitability remains elusive and the Cameroon Government in Sep-2013 replaced CEO Matthijs Boertien after just nine months in the job, naming a former finance minister as chairman to lead a turnaround and to find an investor willing to take a 51% stake in the carrier.
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