Aero Contractors Suspends All Workers and Shutdown Operations Indefinitely

After several months of being in murky waters due to
its worsening financial crisis, Aero Contractors has finally announced
its plans to suspended flight operations from September 1 2016, Sahara Reporters

In a statement released earlier today, the management of Nigeria’s
second largest commercial airline, Aero Contractors, has announced the
suspension of its schedule services from September 1, 2016, and sent its
workers involved in scheduled services on indefinite leave due to the
country’s harsh economy.

The statement said the depreciation of naira within the last six months
has made it impossible for the airline to achieve its operational
targets, adding that the suspension was part of the strategic business
realignment to reposition and return the airline back to profit making.

Aero stated that the suspension was part of the strategic business
realignment to reposition the airline and return it to profitability,
adding that this “business decision”, which is a result of the current
economic situation in the country, had forced some other airlines to
suspend operations or pull out of Nigeria.

The management of the carrier said the airline had faced grave
challenges in the past six months which impacted its business and by
extension the scheduled services operations.

“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.

“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.

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“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,” the airline said.

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