The airline’s Chief Executive Officer, Mr Fola Akinkuotu, said in a statement in Lagos that the management decision was part of the strategic business realignment to re-position the airline and return it to the path of profitability.
He said that all staff directly and indirectly involved in providing the services, would also proceed on indefinite leave of absence.
Akinkuotu said the impact of the external environment had been very harsh on the airline’s operational performance, hence the management’s decision to suspend scheduled services operations indefinitely effective Sept.1, 2016.
Akinkuotu said that both internal and external environmental factors had made it difficult for the airline to continue its scheduled services, leading to the management’s decision.
He recalled that, as part of its resolve to ensure the airline survived, unlike most other carriers that experienced short life span in the country, Asset Management Company of Nigeria (AMCON) had appointed Mr Adeniyi Adegbomire as Receiver Manager in Feb. 6, 2016.
Akinkuotu also noted that since AMCON’s intervention in Aero Contractors in 2011, it had provided support for the airline to meet working capital requirements and fleet expansion.
No comments:
Post a Comment