Leasing

Camair-Co settles outstanding 737 leasing bill

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Camair-Co settles outstanding 737 leasing bill

Cameroonian airline Camair-Co has resumed regular operations following the return of one of its two B737-700s from Paris CDG where it had been impounded by lessor Aviation Capital Group (ACG), in June.

The airline stated that the dispute with ACG had been settled following a payment of $1.4million in outstanding fees.

ACG had claimed that Camair-Co's outstanding leasing fees amounted to $2.9million.

The aircraft was seized on its arrival at Paris CDG on June 7th.