One of the leading airline in the country and largest commercial carrier, Aero Contractors Airlines, Nigeria has suspends its operations.
In a statement signed by the carrier’s management on Wednesday, company stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability.
This is due to internal and external environmental factors that have made it difficult for it to continue its scheduled services the airline said.
It said that “business decision”, which is a result of the current economic situation in the country, had forced some other airlines to suspend operations or pull out of Nigeria.
The airline said, “The impact of the external environment has been very harsh on our operational performance, hence management decision to suspend scheduled services operations 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 scheduled services.
“The implication of the suspension of scheduled services operations extends to all staffs directly and indirectly involved in providing services as they are effectively to proceed on indefinite leave of absence during the period of non-services.
“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 are able to return back to operations within the shortest possible time, offering reliable, safe and secure operations, which the airline is known for,” the statement added.