Aero contractor’s airline has announced suspension of all its operations beginning from September 1.
In a statement signed by its media strategist , Simon Tumba, said the decisions is to reposition the airline for profitability
Tumba confirmed that the airline has faced serious challenges in the last six months as a result of the harsh economy.
“The impact of the external environment has been very harsh on our operational performance, hence management decision to suspend scheduled services operations 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 scheduled services,” it said.
“The implication of the suspension of scheduled services operations extends to all staffs 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, which the airline is known for.”
In 2011, the Asset Management Company of Nigeria (AMCON) took over the management of the airline owing to its failure to meet some financial obligations.
The airline, which is the second largest in the country, had since been embroiled in financial challenges, and says the Rotary wing and the Maintenance Repair Operations (MRO) would continue as business units.