Aero Contractors Airlines, Nigeria’s second largest commercial carrier has announced the suspension of its services starting from September 1st 2016.
The Chief Executive Officer of the airline, Captain Fola Akinkuotu in a statement said Aero would suspend scheduled flight services from September 1 as part of a strategic business realignment to re-position the airline and return it to the path of profitability.
He also said the business decision, which was a result of the current economic situation in the country, has forced some other airlines to suspend operation or pull out of Nigeria.
The statement read:
“The impact of the external environment has been very harsh on our operational performance, hence management decision to suspend scheduled services 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 regular services.” “The implication of the suspension of scheduled services operation extends to all staff directly and indirectly involved in providing services as they are effectively to proceed on indefinite leave of absence during the period of non-service.”The handwriting is now clear; Nigeria is in recession.
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