Aero Contractors reportedly set to shut down operations

Reports reaching us suggest that airline operators, Aero contractors will wind up their operations at the end of the week. The unconfirmed reports come on the back of very poor numbers in virtually all sectors of the Nigeria economy for the second quarter of 2016.

A weakened Naira has adversely affected many airlines operating in Nigeria and an American operator, Delta Airlines called a close on their Nigerian operations barely two months ago.

Sunfit International, operated by a South African firm also announced the winding down of their operations just two weeks ago.

The Chaîman of Airpeace has warned that the high cost of aircraft insurance and maintenance will affect many of Nigeria’s operators. 

 

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