AERO CONTRACTORS SUSPEDN ALL FLIRT OPERATIONS INDEFINITELY

Aero contractors was formed in 1959 and officially registered in Nigeria in 1960.Aero Contractors Company of Nigeria Limited, known as Aero Contractors or simply Aero, is a state-controlled Nigerian aviation company based at Murtala Muhammed International Airport in Ikeja, Lagos State, Nigeria. It operates helicopter services and fixed wing domestic and international scheduled passenger services, air charter and third party aircraft operations, largely in support of Nigeria's extensive oil and gas industry.
      Aero contractors Airlines on Wednesday said that it would suspend it scheduled services indefinitely from Thursday sept.1. The airline's Chief Executive Officer,Mr 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 that all staff directly or 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 operations 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.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.
                   

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

“We are aware of the impactimpact 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,"he said.Akinkuotu said that both internal and exeternal environmental factors has made it difficult for the airlines to continue its scheduled services leading to the management's decision. He recalled that,ad part of its resolve to ensure the airline survive,unlike most other carriers that experienced chort life span in the country,Asset Management Company of Nigeria (AMCON) had appointed Mr Adeniyi Adegbomire as Receiver Manager in Feb.6,2016.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 counter at the Murtala Muhammed Airport Terminal (MMA2) were empty.