In 2009, the Agence France Press (AFP) reported that the CEO of CEIBA Intercontinental Mamadou Jaye, a Senegalese citizen of Gambian origin, left Equatorial Guinea with a suitcase containing 3.5 billion CFA francs (approximately 5 million euros or 6.5 million United States dollars) and spare ATR aircraft parts to negotiate trade deals with Côte d'Ivoire, The Gambia, Ghana, and Senegal and to establish a West African office for CEIBA.

[4] Jaye denied that he took money from the company and filed a lawsuit against Rodrigo Angwe, the Malabo-based correspondent for Agence France Presse and Radio France Internationale (RFI) who submitted the story.

[7] In 2024 CEIBA was discussing selling a stake in the company to Ethiopian Airlines after an official expression of interest[7] CEIBA is one among a number of state businesses due to be sold off under a 2019 IMF deal.

[8] As of 2013 had direct flights from Malabo to Madrid via a wetlease agreement with White Airways.

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