Aero Contractors suspends flight operations

Juliette O'Neill
By Juliette O'Neill September 1, 2016 15:26

Aero Contractors suspends flight operations

Aero Contractors, the Nigerian airline which was taken over by the Asset Management Company of Nigeria (AMCON), has announced its plans to suspended flight operations from September 1, 2016.

The decision was taken by CEO Captain Fola Akinkuotu who could not rescue the airline from falling deeper into debt. The AMCON debt in the airline has grown to N20 billion from the initial N11 billion in 2011 when AMCOM took it over.

The airline has over 1,000 staff including engineers and pilots. The airline before 2011 crisis and AMCON take over, had about 18 aircraft and multiple helicopters, but as at July this year, the fleet has depleted to only two aircraft.

Juliette O'Neill
By Juliette O'Neill September 1, 2016 15:26