Abuja - Aero Contractors Airlines, Nigeria’s second largest commercial carrier, has announced the suspension of its scheduled services beginning from Thursday September 1, 2016, Punch reports.
Aero stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability.
It stated that this “business decision”, which is a result of the current economic situation in the country, had forced some other airlines to suspend operations or pull out of Nigeria.
The management of the carrier said the airline had faced grave challenges in the past six months which impacted its business and by extension the scheduled services operations.
The airline said it took the decision to lay off some of its workers due to its worsening financial crisis.
It stated that during the period in review, Aero witnessed epileptic operations and services to the external public that were caused by non-alignment of fundamental issue of the business, which in some cases had been frustrating and embarrassing to all parties including staff, customers and indeed all stakeholders.
As part of its resolve to ensure the airline survived unlike most other carriers that experienced short life span in the country, AMCON had appointed Adeniyi Adegbomire SAN as Receiver Manager in February 6, 2016, with the aim of turning the airline around.
This is happening six months after Asset Management Company of Nigeria (AMCON) took over the management and operations Aero Contractors airline and appointed a manager for the carrier according to News24.
Aero is Nigeria’s oldest aviation company. It commenced business in 1959, initially providing services to oil and gas sector, before venturing into fix wing operations in the year 2000.
- News 24