AJW Group, a market leader in the global management of aircraft spares, has signed an agreement with Aero Contractors, the Nigerian-based airline, to assist it in the restructuring and upgrading of its Maintenance, Repair and Overhaul (MRO) support services. Aero Contractors, which has been carrying out A and B check on own aircraft and others, […]
The Ibru family has expressed its willingness to buy back Aero Contractors, which it lost to Asset Management Corporation of Nigeria (AMCON) owing to the airline’s huge indebtedness to banks. A source with the aviation industry, who disclosed this toTHISDAYsaid AMCON is willing to sell the airline to Ibru family or any other interested party […]
Ibru family moves to repossess Airline There are indications that Nigeria’s oldest airline, Aero Contractors, is laying off about 60 per cent of its workforce, in an apparent move to cut costs as the company struggles to stay afloat. The layoffs to be executed in few days, was aimed at repositioning the airline to operate profitably. […]
The Asset Management Corporation of Nigeria (AMCON) has appointed the former Deputy Managing Director of Arik Air, Captain Ado Sanusi the new CEO of Aero Contractors. Sanusi replaces the former Aero boss, Captain Fola Akinkuotu who is now the Managing Director of Nigerian Airspace Management Agency (NAMA). Sanusi joins Aero with invaluable wealth […]
The aviation workers’ union would have to make more concessions to meet the conditions given by the Asset Management Corporation of Nigeria for the rebirth of Aero Contractors. Otherwise, labour’s intransigence could result in the re-enactment of the demise of Nigeria Airways. It was scheduled last week that Aero offices would re-open this week and […]