By Abimbola Fashakin, Lagos
The management of Aero Contractors Airlines has announced that it would suspend the company’s scheduled services from Thursday September 1, 2016.
A statement from the management of the airline said the development was part of the strategic business realignment to reposition the airline and return it to the part of profitability.
The statement reads in part, “This business decision, which is a result of the current economic situation in the country, has forced some other airlines to suspend operation or out rightly pull out of Nigeria.”
In the case of Aero, the airline said the airline had faced grave challenges in the past six months which impacted its business and by extension the scheduled services operations.
These factors, according to the management are both internal and external environmental factors that have made it difficult for the foremost airline to continue its scheduled services.
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 Mr. Adeniyi Adegbomire SAN as Receiver Manager in February 6, 2016, with the aim of turning the airline around.
Since AMCON’s intervention in Aero Contractors in 2011, it has provided support for the airline to meet working capital requirements and fleet expansion.