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Aero Contractors has finally
announced its plans to suspend flight operation effect from Thursday, September
1, 2016. Following the formidable challenges currently faced by the management
led by Cap. Fola Akinkuotu to rescue the airline from going down.
According to Source AMCON debt in
the troubled airline has grown to N20 billion
from the initial N11 billion, Federal Government through AMCON had
engaged the service of a reputable accounting firm to undertake a forensic audit
of the airline account in the past five years and close it.
Before 2011 crisis AMCON took
over, the airline had about 18 aircraft and many helicopters, but as at middle
of this year the number has dropped to 2.
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One of the industrial union in
charge of the airline audit claim further that Oceanic Capital, a consultant to
the airline acquired seven planes in which only six were delivered and leased
them back to Aero through Oceanic Leasing Company of at $12m each.
But, the union said that Arizona
Website, the aircraft were purchased for $4m each.
In the case of Aero Akinkuotu
said the airline had faced grave challenges in the past six months which
impacted its business and by extension scheduled fight operations. These
factors, according to him are both internal and external environmental factors
that made it difficult for the leading airline to continue its scheduled
services.
He added that “We are aware of
the impact this will have on our staff and our highly esteemed customers, hence
we have initiated moves to ensure that we can return to operations within the
shortest possible time, offering reliable, safe and secure operations, which
the airline is known for.”
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