Skip to main content

Aero Contractors suspends 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, 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.

Aero-Contractors He said that 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. 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. 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 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 counters at the Murtala Muhammed Airport Terminal (MMA2) were empty

Comments

Post a Comment

Popular posts from this blog

Home nations fined by Fifa over poppy displays

England have been fined 45,000 Swiss francs for several breaches of Fifa's rules about displaying political symbols, the sport's governing body have confirmed. The national team wore poppies on black armbands during their match with Scotland, despite being warned not to by Fifa, costing the Football Association just over £35,000. Prior to kick-off, both teams participated in a minute's silence and members of the armed forces lay wreaths. The Scottish Football Association and the Football Association of Wales have each been fined 20,000 Swiss francs (£15,692) and the Irish Football Association 15,000 Swiss francs (£11,769) for similar offences All of the associations were warned by to the World Cup qualifiers that they would be punished if they chose to ignore Fifa's regulations on the matter.     England has been fined CHF 45,000 for several incidents in the framework of the England v Scotland match, including the display by the host association, the English team and s...
Post a Comment
Read more

Buhari confirms appointment of Niger Delta Power Holding’s CEO

President Muhammadu Buhari has approved the appointment of a substantive Managing Director/Chief Executive Officer and two Executive Directors for the Niger Delta Power Holding Company Limited (NDPHC). Joseph Chiedu Ugbowho was in an acting capacity is now the substantive Managing Director/Chief Executive Officer of the company. Others are Mallam Babayo Shehu, Executive Director (Finance and Administration) and Engr. Ife Oyedele, Executive Director (Engineering and Technical Services). A statement signed by Bolaji Adebiyi, Director (Press),Office of the Secretary to the Government of the Federation, said Mr. Ugbo is a legal practitioner and infrastructure regulations specialist with extensive experience in electricity industry reform and privatization. “He has Bachelor and Master of Law Degrees from the University of Lagos and was admitted to practice Law in Nigeria in 1991. For over 15 years, he provided legal advisory services to public sector power entities including legal support t...
Post a Comment
Read more

N’ Delta: How Adaka Boro was tried, convicted

Adaka Boro came into prominence in 1966 when proclaimed an Independent Niger Delta Peoples’ Republic with a flag and an emergency constitution. He paraded himself as the General Officer Commanding the Niger Delta Volunteer Force (DVS) and leader of the Liberation Government. Due to Boro’s intense agitation for resource control, it was learnt that he formed a band of fighters and allegedly trained them in the use of explosives and arms. Sometimes in March 1966, Boro, armed with a theory he called XYZ, declared Ijaw Republic thus: “Today is a great day, not only in your lives, but in the history of the Niger Delta. We are going to demonstrate to the world what and how we feel about oppression”. The activist and his followers also allegedly attacked a police station, blew up the armoury and took rifles and ammunition. They also reportedly blew up oil pipelines and engaged the police in a gun battle. Boro and two of his followers, Samuel Timipre Owonaru and Nottingham Dick were arrested ...
Post a Comment
Read more