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Aero Contractors Airlines Nigeria Suspends Operation by DONSMITH123(m): 12:55pm On Aug 31, 2016
Aero Contractors Airlines, Nigeria’s second largest commercial carrier, has confirmed an exclusive report of The PUNCH by announcing the suspension of its scheduled services beginning from Thursday September 1, 2016.

On Monday, August 22, 2016, The PUNCH exclusively reported that the airline was set to lay off some of its workers due to its worsening financial crisis.

The report also noted that the carrier was in talks with aviation unions on how to cut down on the number of workers in its employ, after sources from the sector revealed that Aero was contemplating a suspension of its scheduled flight services.

Confirming this in a statement signed by the carrier’s management on Wednesday, Aero stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability.

It stated 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.

These factors, according to Aero, are both internal and external environmental factors that have made it difficult for it to continue its scheduled services.

It stated that during the period in review, Aero witnessed epileptic operations and services to the external public that were caused by non-alignment of fundamental issue of the business, which in some cases had been frustrating and embarrassing to all parties including staff, customers and indeed all stakeholders.

As part of its resolve to ensure the airline survived unlike most other carriers that experienced short life span in the country, AMCON had appointed Mr. Adeniyi Adegbomire SAN as Receiver Manager in February 6, 2016, with the aim of turning the airline around.

Since AMCON’s intervention in Aero Contractors in 2011, it had provided support for the airline to meet working capital requirements and fleet expansion.

These were to ensure the airline remains a going concern providing services to various clients and the general public.

But the airline noted that unfortunately, the operating environment within and outside the Aero had hindered any possible progress especially in the last six months when the naira depreciated against the dollar thus making it impossible for the airline to achieve its operational targets.

It started that with these realities coupled with protracted engagements with all relevant stakeholders, the management strenuously reviewed and assessed options and opportunities on ensuring viability, safety and sustainability of operations during the period with a lot of sacrifices.

The airline said, “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.

It added, “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.”



http://punchng.com/breaking-aero-confirms-punchs-report-suspends-scheduled-services-2/

Re: Aero Contractors Airlines Nigeria Suspends Operation by Nobody: 1:04pm On Aug 31, 2016
just when I think we've seen it all, it keeps getting worse

after surviving this administration, the Apocalypse would be a child's play for Nigerians lipsrsealed

115 Likes 2 Shares

Re: Aero Contractors Airlines Nigeria Suspends Operation by PaulIdu: 1:06pm On Aug 31, 2016
In 1984 Hurricane Buhari came and swept the Nigerian economy to the stone age , in 2015 it came again to do same and is on course..Weldone Buhari

111 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by DONSMITH123(m): 1:08pm On Aug 31, 2016
PaulIdu:
In 1984 Hurricane Buhari came and swept the Nigerian economy to the stone age , in 2015 it came again to do same and is on course..Weldone Buhari
splenzard:
just when I think we've seen it all, it keeps getting worse

after surviving this administration, the Apocalypse would be a child's play for Nigerians lipsrsealed


Change!!! cheesy

59 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by VampireeM(f): 2:09pm On Aug 31, 2016
Even Aero contractors the national carrier are experiencing this recession badly, what would happen to others? Tax upon Tax with nothing to show for it. Buhari and this APC govt is just a disaster! And some fools are saying change is a gradual process meanwhile they are starving... Buhari and his economic team are dullards and 100% incompetent.. He should just resign pls

91 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by chidexSmokey(f): 2:31pm On Aug 31, 2016
hmmmmm. more reason why ENIVED AIR is gaining grounds.

2 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by veekid(m): 2:40pm On Aug 31, 2016
Toyin Aimakhu own contractor #Alakada

1 Like

Re: Aero Contractors Airlines Nigeria Suspends Operation by Nobody: 2:41pm On Aug 31, 2016
Ok

What have we done to reach this new low cry

What useless government do we have that can not manage simple economics/economy

Useless APC government embarassed embarassed embarassed

Can we survive this next three years?

62 Likes 2 Shares

Re: Aero Contractors Airlines Nigeria Suspends Operation by henrydadon(m): 2:41pm On Aug 31, 2016
angry

when are they going to serve buhari with impeachment notice
we cant just open our eyes and allow one certified kunu sipping gorilla burukutu sipping monkey and a gworo crushing demon bastard nonentity with an empty brain filled with fura d'nunu and roasted suya.


to ruin this country angry

60 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by MadCow1: 2:41pm On Aug 31, 2016
O well.. Time to start road movement.

15 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by miteolu(m): 2:41pm On Aug 31, 2016
Professor Buhari may shut down anything but can not shut down Nairaland Forum.

7 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by PaulIdu: 2:42pm On Aug 31, 2016
chidexSmokey:
hmmmmm. more reason why ENIVED AIR is gaining grounds.

Whats that
Re: Aero Contractors Airlines Nigeria Suspends Operation by khaymillers: 2:42pm On Aug 31, 2016
me that my father is a multimillionaire, the family's private jet is always available. I have nothing to do with public transport. One of the benefits of coming from a rich home. Okay byye. Quote me and claim all your generational curse

3 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by Ibukun003(m): 2:42pm On Aug 31, 2016
This is getting more serious...

Opportunity for Arik to increase their exorbitant fees...

All we can hope for is ALL MUST BE WELL...

I think its time the youths arose...

9 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by izzou(m): 2:42pm On Aug 31, 2016
God help us in this country.

I hope we all survive this era

2019, where art thou?

8 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by Kakamorufu(m): 2:43pm On Aug 31, 2016
na wa o. It is welllll my people
Re: Aero Contractors Airlines Nigeria Suspends Operation by Lifestone(m): 2:43pm On Aug 31, 2016
This is no good news to us as a Nation. I suspect this might happen after AMCON appointed a receiver manager over the company.
I had expected a complete restructuring of this airline probably with a debt equity swap when it was taken over by AMCON. This is another example of why government should not get involve in business. They should have pursued privatisation of this enterprise. 
Now staff will lose their jobs, other service providers will be out of business and the economy just sinks deeper.
Indeed a true sign of recession under PMB

29 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by PaulIdu: 2:43pm On Aug 31, 2016
We need an interim govt now to stabilise the economy and conduct fresh elections because we all made a big mistake in the last election

34 Likes 2 Shares

Re: Aero Contractors Airlines Nigeria Suspends Operation by neonly: 2:43pm On Aug 31, 2016
What!!!!!!!!!!!! Bubu

5 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by kinzmen: 2:43pm On Aug 31, 2016
Some go say na Buhari........ Ok see them..... But you no vote... But na you complain pass,,...



please ladyf come make i see you b4 i pass go sokoto....

1 Like

Re: Aero Contractors Airlines Nigeria Suspends Operation by complete1(m): 2:43pm On Aug 31, 2016
This man wan finish this country before he die sha!abeg if na you offend buhari go beg am naa

14 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by lifezone247(m): 2:44pm On Aug 31, 2016
Which plane I go come de claim staff and enter for free now? And I go miss those their fine fine conductors too.

3 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by hUmaneOne: 2:44pm On Aug 31, 2016
Can't the National Assembly impeach this motherfvcker? cry cry before he completely grounds this country??

14 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by DeKen: 2:44pm On Aug 31, 2016
More loss of jobs. undecided

7 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by geostrata(m): 2:44pm On Aug 31, 2016
grin
Re: Aero Contractors Airlines Nigeria Suspends Operation by ceeethru(m): 2:45pm On Aug 31, 2016
The airline have over 1,500 staffs and unfortunately, they will all be in the labour market soon. SMH

14 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by Sunnycliff(m): 2:46pm On Aug 31, 2016
This would have been the best time to float our National Carrier but politics of bitterness, lootocracy and ofo ma ofojuo akpa has undermined this country!

3 Likes

Re: Aero Contractors Airlines Nigeria Suspends Operation by chidexSmokey(f): 2:46pm On Aug 31, 2016
PaulIdu:


Whats that
ENIVED AIR is the name of the airline set to take off very soon. it's gaining more ground because other airlines are leaving, thereby giving it room to set-in...

1 Like

Re: Aero Contractors Airlines Nigeria Suspends Operation by Greenback: 2:47pm On Aug 31, 2016
Hmmm,doghari's dividends of democracy.. Doghariously beautiful..

1 Like

Re: Aero Contractors Airlines Nigeria Suspends Operation by chemicalDisease: 2:47pm On Aug 31, 2016
Any one that survives this Buharis regime will survive even in hell fire.

7 Likes 1 Share

Re: Aero Contractors Airlines Nigeria Suspends Operation by Kaybaba5(m): 2:47pm On Aug 31, 2016
Na sweetness that ends bitterness
Nigeria is going somewhere

1 Like

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