THE DISPUTE BETWEEN GABON AND THE SOUTH AFRICAN GROUP PARAMOUNT ! LE CONTENTIEUX ENTRE LE GABON ET LE GROUPE SUD AFRICAIN PARAMOUNT !
English version A tense financial dispute has just resurfaced. It is, in fact, a debt inherited from Paramount, now being pursued by another South African fund. The dispute dates back to a 2014 contract between Gabon and Paramount Group (defense/aerospace) for the maintenance and support of military equipment, continuing an older relationship (the purchase of Mirage F1AZ jets in 2006-2007). This is therefore a matter that goes back to Ali Bongo’s time, both as Defense Minister and as President. In 2006-2007, Gabon purchased Mirage F1AZ fighter jets from Paramount Group and its subsidiary/partner Aerosud, aircraft drawn from the surplus of the former South African Air Force fleet (which had retired them from service in 1997 and put them up for sale via Armscor in 2003). Gabon received two aircraft in August 2006, then two more in November 2007 (some sources mention up to six aircraft in total). Paramount did not simply sell the aircraft: the group also supported Gabon in their acqu...