Aero Contractors suspends flight operations indefinitely, sends staff on leave


Aero Contractors Airlines on Wednesday said that it would suspend all its scheduled services indefinitely from Thursday Sept. 1.

The airline’s Chief Executive Officer, Fola Akinkuotu, said in a statement in Lagos that the management decision was part of the strategic business realignment to reposition the airline and return it to the path of profitability.

He said all staff directly and indirectly involved in providing the services, would also proceed on indefinite leave of absence.

“This business decision is as a result of the current economic situation in the country, which has forced some other airlines to suspend operation or outrightly pull out of Nigeria.

“In the case of Aero, the airline has faced grave challenges in the past six months, which impacted its business and by extension the scheduled services operations,’’ he said.

Mr. Akinkuotu said the impact of the external environment had been very harsh on the airline’s operational performance, hence the management’s decision to suspend scheduled services operations indefinitely effective Sept.1, 2016.

“This suspension is pending when the external opportunities and a robust sustainable and viable plan is in place for Aero Contractors to recommence its scheduled services.

“The implication of the suspension of scheduled services operations extends to all staff directly and indirectly involved in providing services, as they are effectively to proceed on indefinite leave of absence during the period of non-services.

“We are aware of the impact this will have on our staff and our highly esteemed customers, hence we have initiated moves to ensure that we are able to return back to operations within the shortest possible time, offering reliable, safe and secure operations,’’ he said.

Mr. Akinkuotu said that both internal and external environmental factors had made it difficult for the airline to continue its scheduled services, leading to the management’s decision.

He recalled that, as part of its resolve to ensure the airline survived, unlike most other carriers that experienced short life span in the country, Asset Management Company of Nigeria (AMCON) had appointed Adeniyi Adegbomire as Receiver Manager in Feb. 6, 2016.

Mr. Akinkuotu also noted that since AMCON’s intervention in Aero Contractors in 2011, it had provided support for the airline to meet working capital requirements and fleet expansion.

When NAN correspondent visited the airline’s counter on Wednesday, the ticket counters at the Murtala Muhammed Airport Terminal (MMA2) were empty. (NAN)

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.

  • emmanuel

    When a blank brain lead a complex Country, the fortunes of the people dwindle.
    Shamefully, the APC FG is manipulating the FX market, to ensure the rates jump up, thereby making it easy for them to finance their budget while the people die from the consequences.
    It is folly, to try impress the people whose means of livelihood are destroyed in the process. Nigeria is already a failed state. I will have to let 95% of my staff go if things continue at this rate my December 2016. I have managed to sustain them through very difficult circumstances.
    Conclusively, over 85% of employable Nigerians would be unemployed by December 2016

    • frank

      Sure, true talk

  • onos

    Kai Buhari

  • omo56

    The shame is Tinubu and Obasanjo, those who were behind Buhari’s APC primary victory. If not for these two, Atiku would have won APC primary and maybe the presidency.
    Tinubu has been silenced and Obasanjo still trying to be relevant. None of them have anything to say about the dire state of Nigeria’s economy

  • UOU

    Chanji chanji chanji

  • Oluola

    Sai Buhari!!!! Up Yoruba!!!

    All these vindicate Igbos who rejected Buari’s candidacy from onset. This is just 1 year out of 8 (1/8). Nigerians ain’t seen nothing!

    Buhari must show his Certificate for things to change!!! What do you expect in a country whose leader lacks requisite education in this 21st century???

    • blueeyedkitten

      are you not part of nigeria? you go follow suffer na. rubbish!

  • favourtalk

    When all they deal with is inconstitency before and doesnt remit tax, now they are doing so, they couldnt hold thier business together

  • frank

    It is jonathan’s fault- buhari would always say. I still dey laff