Economy Crunch: Aero Contractors To Shut Down Operations Due to Nigeria's Failing Economy

Aero Contractors Airlines, Nigeria’s second largest commercial carrier has announced the suspension of its services starting from September 1st 2016. The Chief Executive Officer of the airline, Captain Fola Akinkuotu in a statement said Aero would suspend scheduled flight services from September 1 as part of a strategic business realignment to re-position the airline and return it to the path of profitability. He also said the business decision, which was a result of the current economic situation in the country, has forced some other airlines to suspend operation or pull out of Nigeria.

The statement read: “The impact of the external environment has been very harsh on our operational performance, hence management decision to suspend scheduled services indefinitely effective September 1, 2016 pending when the external opportunities and a robust sustainable and viable plan is in place for Aero Contractors to recommence its regular services.” “The implication of the suspension of scheduled services operation 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-service.”

 

---

Posted: at 31-08-2016 04:30 PM (7 years ago) | Addicted Hero

See more unemployment in the market place....Where is this Muhammadu Buhari and his change agenda ?   

Posted: at 31-08-2016 05:46 PM (7 years ago) | Gistmaniac

Change don Change Naija ooo from bad to worst,,,,

Posted: at 31-08-2016 06:03 PM (7 years ago) | Hero

you don't need to be ashame. prayer requires

Posted: at 31-08-2016 06:28 PM (7 years ago) | Gistmaniac

I hope say buhari no go kill people finish for this country oo

Posted: at 31-08-2016 07:23 PM (7 years ago) | Gistmaniac

me nor understand this corruption thing again ooh, na now naija corrupt or what? things was moving well before the firgt against corrupt surface, buhari please face the economy of the country and forget fight against this corrupt because even the money you done recover so far we never hear or see one thing you use am do

Posted: at 31-08-2016 07:56 PM (7 years ago) | Gistmaniac

WASTED GENERATION

Posted: at 31-08-2016 08:12 PM (7 years ago) | Gistmaniac

Not surprised at all

Posted: at 1-09-2016 12:29 PM (7 years ago) | Hero