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 management of Arik Air has vowed to challenge the takeover of the airline by the Asset Management Corporation of Nigeria (AMCON), which obtained a court order to take over the operations of the airline. This was disclosed by the deputy managing director of Arik Air, captain Ado Sanusi at the airline’s headquarters in Lagos […]
Aero Contractors Airlines has announced that it would suspend its scheduled services from Thursday September 1, 2016. A statement from the Chief Executive Officer, Capt. Fola Akinkuotu said the development was part of the strategic business realignment to reposition the airline and return it to the part of profitability. This business decision, which is a […]
