Connect with us

Business

Aero Contractors to Resume Operations This Week

Published

on

Aero contractors
  • Aero Contractors to Resume Operations This Week

Aero Contractors, Nigeria’s second largest commercial carrier, is set to resume operations on the domestic routes this week following a four-month suspension of its flight services.

In August, the airline announced an indefinite suspension of all its scheduled services effective from September 1, 2016, and directed all its workers to proceed on indefinite leave of absence.

But industry sources and employees of the firm told our correspondent that the management of the carrier had been meeting since the suspension of flights and that they would make an official announcement on the resumption of the operations this week.

“The management has promised to make a public statement about the resumption this week, because they’ve been making serious efforts to come back,” an official of the airline said.

The consultant to the carrier, Mr. Simon Tumba, confirmed to our correspondent that the management of the airline was working hard to bring it back.

He, however, stated that he had yet to get any instruction from the airline to announce the resumption of operations on domestic routes.

In August, Aero’s Chief Executive Officer, Mr. Fola Akinkuotu, explained the reason why the airline suspended its services, stating that the decision was part of the management’s strategic business realignment to reposition and return it to the path of profitability.

“This business decision is as a result of the current economic situation in the country, which has forced some other airlines to suspend operation or outright pull out of Nigeria. In the case of Aero, the airline has faced grave challenges in the past six months, which impacted its business, and by extension, the scheduled service operations,” Akinkuotu had said.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Advertisement
Advertisement