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Economy: Aero Contractors Shuts Down Operations Indefinitely



Aero ContractorsCommercial airline, Aero Contractors, has announced the suspension of its scheduled services beginning from Thursday, September 1, 2016.

A statement by the airline’s management said that the depreciation of the Naira within the last six months has made it impossible for the airline to achieve its operational targets, adding that the suspension was part of the strategic business realignment to reposition and return the airline back to profit making.

The company stated:

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.



  1. Ellena

    August 31, 2016 at 4:04 pm

    Jesu o!
    What is happening to Nigeria???
    Where do we go from here???
    Will Nigeria ever get better???
    Lord have mercy!

    • Inet

      September 1, 2016 at 8:28 am

      Chai! Eyah, Captain Demuren.

  2. Usuji

    August 31, 2016 at 4:09 pm

    We were busy calling our selves Giant of Africa , boasting that we are very rich with private jets , if you check all these small countries like rewards and Uganda go and check how they are progressing and have even gone far ahead of us we were being deceived that we have the largest economy as f that translate into the well being of all of us .This present government is so clueless, I haven’t seen one solid plan on how to get us out of this mess. I was probuhari before but now I don’t think so,he appears out of touch with what is happening . Bag of rice is now more than minimum wage, exchange rate is sky high , people are suffering in the streets!!, OK the corruption you said you said you are going to fight , where is the result not even one conviction , no money recovered even the ones recovered show us what you have done with it ,NO! Are we going to continue to suffer like this ?

    • TeeS

      August 31, 2016 at 4:41 pm

      Buhari did you single handedly ruin Nigeria, it was ruined before he came to power. Let’s stop pointing fingers. It’s not the way to go in life. The economy in Nigeria was dependent on oil for a long time and it’s still dependent on it. That’s why the economy is horrible for y’all!
      It is well

    • Anonymous

      August 31, 2016 at 4:48 pm

      Oh, when people were blaming Jonathan for everything, where were you? Besides Buhari has been in power before, so he has definitely contributed to the state of the nation.

    • FasholasLover

      August 31, 2016 at 6:23 pm

      Don’t mind all these people without a sense of history. I am flomoxed when people say Buhari only just came to power so, don’t blame him.

      Hellooo @TeeS and ur fellow travellers, Buhari was once a Military hd of state and a one time Minister of Petroleum – he was useless. What could have changed now that his brain has atrophied? If you do not know, go ask those who know. The economy is in ruin, yet our Presido be watching cartoon. The price of crude is down but, what is the way forward? Can you honestly say you see any? Except of course, your people are chopping. Oshisco.

  3. Cynical

    August 31, 2016 at 4:25 pm

    Na wa o….. It has started o. I hope we don’t reach rock bottom before a solution comes. Who was saying Nigeria’s economy is at the best it has ever been just the other day?????

  4. Chidi

    August 31, 2016 at 4:28 pm

    ????????? my question to Nigerians wondering what’s wrong with the country is this. Will you hire a person without a Waec to manage your fish farm, but you hire the same to manage your country that’s worth 510 billion dollars lol and you wonder what’s the problem. You were blinded by hate and tribalism not knowing all the successful companies in Nigeria today was founded during the OBJ:GLJ time. all telecom companies. Most banks, manufacturing IT companies, movie industries, service business and private stuff. You preferred a president that hired A lady with a accounting degree from east London community college to become minster of finance , minsters trying to manufacture pencil and masquerade for job creation and under this administration 5.6 million jobs has been lost. congratulation my Nigerian people for shooting yourself in the leg.

    • Bleed Blue

      August 31, 2016 at 4:45 pm

      Yes, we did really shoot ourselves in the darn leg!

      This is beyond sad!

      🙁 🙁 🙁

    • Me

      August 31, 2016 at 5:11 pm

      Thank Goodness I’m not the only one that was wondering why he decided to use a person with a degree from university of east London as a minister. Dear Nigerians not all “abroad degrees” are “DEGREES”

    • UEL Alumni

      August 31, 2016 at 5:32 pm

      You are an idiot for that comment. Please check the reputation of the lecturers from UEL such as Dr Priscilla Schwartz. If you have nothing good to say then please shut up!

    • UEL Alumni

      August 31, 2016 at 5:46 pm

      You insult universities like uel,but even the so called best universities in Nigeria do not come close to the cult ridden higher institutions in Nigeria. The same country that those studying IT, and medicine often have had no practical experience so please spare me.

    • Anonymous

      August 31, 2016 at 9:36 pm

      Lmao, pele ?????

    • Chinma Eke

      August 31, 2016 at 6:54 pm

      Lol! Oh my!
      Why did you finish them like that nau?

    • Cynical

      August 31, 2016 at 7:43 pm

      @Chidi…..choi,???? my good God,this shade ehn,no be here….but truly not all school abroad na better school. But you can trust us now,speak small fone and you are considered ‘special’.

    • Fashionista

      August 31, 2016 at 8:44 pm

      Yepa! Chidi, is it Kemi Nelson you finished like this ?

    • FasholasLover

      August 31, 2016 at 8:54 pm

      Eeerr, Kemi Adeosun

    • Fashionista

      August 31, 2016 at 10:47 pm

      Ah mistype! Thanks jare Fasholalover. Chidi see what you caused now ??

    • UEL Alumni

      August 31, 2016 at 9:21 pm

      You insult universities like uel,but even the so called best universities in Nigeria do not come close to universities such as uel. Is it the cult ridden higher institutions in Nigeria that are better? or the ones where a 3 year degree sometimes takes 10 years to complete? The same country that those studying IT, and medicine often have had no practical experience and whose certificates are regarded as useless abroad, so please spare me. UEL or no uel she is a Minister of Finance and you are whom exactly? Empty barrels as they say!

    • Kasi

      August 31, 2016 at 10:41 pm

      The waec-less presidentand his ministers are bad. The PhD holder president and his world Bank ministers were no better. If they did there jobs we would have had no time for the waec-less one.that previous gang seem to have used their authentic degrees to steal us blind.

    • Comment

      September 1, 2016 at 1:33 am

      Yes Chidi ( very obviously speaking from tribal bias) we shot ourselves in the leg but re electing Jonathan would’ve equated to strapping a bomb to ones body. So yes we sacrificed a leg instead of dying. Buhari is bad but cannot hold a candle to the disaster called GEJ.

      That man took us from Obasanjos paying our foreign debt to an empty treasury with ZERO reserve. I never expected Buhari to work wonders but I supported him to at least give us 4 years respite before the country plunged into non existence. GEJ and his cronies like Diezani that couldn’t even take care of their own people. The Niger delta that should be a Dubai is one of the slummiest places on earth.
      Keep laughing at your own lack of knowledge. The reality is things will worsen before they improve. Unless you’re expecting a genie in a lamp to appear.

  5. oluchye

    August 31, 2016 at 4:58 pm

    This is just the beginning my people… Just keep on praying for our leaders so that they will lead us right.

  6. Chic

    August 31, 2016 at 5:09 pm

    I hope they return with brand new aircrafts when the time comes. They should park the cello taped ones in another country.
    It’s a pity… another set of Nigerians just lost their jobs.

  7. Chidi

    August 31, 2016 at 5:09 pm

    Oluchye I disagree with you, we shouldn’t pray for our leaders we should demand good leadership from them. We don’t pray for the super eagle couch we demand goals and championship. There’s noting different with the leaders. The Power to fix our problems are in our hands

    • Anon

      August 31, 2016 at 8:06 pm

      Brazil just impeached their president for breach of budget regulations and other matters. Isn’t it time we impeach Buhari? This change we are seeing so ain’t what was promised

    • Comment

      September 1, 2016 at 1:45 am

      Chidi wrong again….why not do both? Pray for them and demand action.

  8. Spunky

    August 31, 2016 at 5:21 pm

    Aero is distressed? It gets worse…lets start prepping; can’t wait for 2019. We will keep trying till we get it right.

  9. NG

    August 31, 2016 at 5:27 pm

    The scariest bit is the blindness of people to the so-called corruption war. That screen shot from Channels TV about the distribution of capital projects under the 2016 federal budget is nothing but the highest form of corruption with:
    North Central N271 bln
    NW N74 bln
    SW N48 bln
    NE N46 bln
    SS N35 bln
    SE N28 bln

    It wont be so bad if the president is just unable to handle certain things, we wont over blame him- we knew him and still the majority picked him to rule. It is however unforgivable to disburse our resources in the above lopsided manner.

    Nigerians just have to close ranks and decide how to salvage our country, including prayers people.. Yes, i am sure it helps loads. This is not saying all the economic and other know-hows should not be given elevated place in the action plan.

    I am truly worried, but not fearful because of my faith in God, but i do wish we can stop playing politics and start conversations that will provide helpful coping mechanisms for a time like this.

    Just saw an analysis of this time and the last coming of PMB , and there is no difference. It was promises of good life because corruption will be dealt with only for poverty to reign after he took over. Those are the kind of information one needs, but with advice on how people survived then because things are not looking up at all. The level at which people are inundated with requests for help even from people that ordinarily should be able to cope with difficult times is alarming.

    Personal development, yes. New income streams, yes, Entrepreneurial ventures, yes. People know these things but are finding the environment dis enabling.

    We need to pray, we really must. God helped us when we were all HELPLESS in the face of the Abacha onslaught. God will help us again. He can give our leaders wisdom, he can change their hearts, he can raise new leaders for us. God can do or enable us do what is necessary to recover this land. Let us hold this option strongly. This, for those who believe.

    • nnenne

      August 31, 2016 at 10:41 pm

      To think that Imo state is the 4th oil producing state and no meaningful project for the South Eastern ?
      Abia state also produces oil.
      Terrible !
      Well, the Federal Government has never done much for the south East anyway.

      Nigeria needs serious restructuring.
      Those military people really messed up big time. …putting up stupid rules with no one’s approval. Rules that favoured only certain parts of the country. No wonder, certain places are over populated. People are following their money / Federal presence.
      The south south and south East that made the oil were punished,for the civil War?
      No real development. ( Federal Projects ).
      God dey shaa!! He does not sleep! !

  10. Marlvina

    August 31, 2016 at 5:48 pm

    AERO? Am I surprised? With their pathetic service and ridiculous fares. Who will patronize them in such harsh economy? New customer-friendly airlines have taken over; the likes of Med-view and Air Peace.

    • Rampage

      August 31, 2016 at 8:10 pm

      What ridiculous airfares? Were they not charging N16,000 – N32,000 ( about $100).

    • Fashionista

      August 31, 2016 at 8:50 pm

      As in me self I’m confused!!!! Aero for the longest time has been one of the cheapest airlines. Infact i used to fly them exclusively before Air Peace started giving them a run for their money.

      Marlvina is obviously confusing Aero with Arik or something or perhaps she would like to fly them for free? AWOOF lomo! lol

    • Marlvina

      August 31, 2016 at 10:17 pm

      AERO if compared to Dana and other airlines, AERO have higher fares. AERO was the only airline I used, until I switched over to Dana and Air peace

      @Fashionista, It’s obvious you are the one confused here. Go Check again!

    • Fashionista

      August 31, 2016 at 10:55 pm

      Na! I’m not confused. First off, Aero is older than Dana and has been offering affordable flights for Yonks even before Dana. Air Peace, yes I give you that and I already said I started patronising Air Peace for that simple fact – affordable and new!

      Now except what you and I term “affordable” is different oh. But Aero’s fares were most certainly not “ridiculous” as you put it. Once I even booked way in advance and got a return flight Lagos to Abuja – 16k. Haba!

    • "changing moniker"

      September 2, 2016 at 3:07 pm

      I think you mean Arik

  11. Adio_Braimoh

    August 31, 2016 at 5:55 pm

    Who’s to blame to this regard? If you ask me, na who I go ask?


    August 31, 2016 at 5:57 pm


  13. MIER

    August 31, 2016 at 6:23 pm

    some comments tho! lol…… A cartel glitched our main source of revenue and you still don’t like the idea of the govn borrowing money, what do you want them to do? print out money! lol NO . The price of what ever brings in 80-85% of our revenue has been falling right from mid 2014….We should have USED OUR COMMON SENSE TO INVEST AND DIVERSIFY OUR RESOURCE FOR OVER 20 YRS WISELY… HOW DO YOU EXPECT THE CURRENT GOVERNMENT TO FIX A COUNTRY SO QUICK ? PLEASE ANS ME

  14. Lasisi

    August 31, 2016 at 7:21 pm

    APC’s main goal was to be in power and had no plans whatsoever for the country after that. I look forward to the year when Nigerians will go to the polls and look beyond tribe, religion or political affiliation. The key question should be “Is he/she qualified for the Job?” We keep doing same thing all over and expecting a different result. Nigeria is no longer a developing country. It stopped developing when our elected leaders are not held accountable and the people turn to religion to play the role of Government. Recycled politicians everywhere who are only interested in enriching themselves and their generations to come.

    • Kasi

      August 31, 2016 at 10:42 pm

      We had two very bad options and chose the worst of the two because we did not want to reward the one that just failed last.

  15. Fashionista

    August 31, 2016 at 8:51 pm

    This is a serious matter men! All those jobs lost, Kai!

  16. Ethio

    August 31, 2016 at 10:47 pm

    I’m tired of complaining. all our rants, contributions, accusation and cries will only end here on this post not even beyond it. while our clueless old wicked deaf nonchalant cursed leader is busy watching scooby doo. i wan leave Nigeria go my village oooooooo!

    • The Real Oma

      August 31, 2016 at 11:47 pm

      Oh my days, the last part of ur comment had me in stitches, where your village dey Biko, I wan follow u go there :))

    • Ememobong

      September 1, 2016 at 9:22 am

      These days even the village can’t offer much succour except your village is outside the country.

    • Mary

      September 1, 2016 at 2:31 pm

      lolz, Village ke, they too are struggling to survive.

  17. Nappy

    September 1, 2016 at 8:02 am

    I bought a ticket and now I am hearing I am not going to be refunded, many people do not even know about this and there is no one at the airport to even attained to anyone. Does anyone know of any other person in this situation? I do not even know what to do.

  18. Ememobong

    September 1, 2016 at 9:20 am

    Aero Is experiencing financial difficulties, the Federal Government should offer them a bailout if it can comfortably afford it. We have very few domestic carriers and Aero is a major player, we can’t afford to lose their services.

    • tunmi

      September 1, 2016 at 2:19 pm

      Talk sense. The rest keep whining as they always do. But wait oh, everyone looks at the leadership what about the civil servants who have been there since eternity?

    • new bride

      September 1, 2016 at 4:12 pm

      Truth is that those civil servants are even worse than these leaders we point fingers at!

  19. Mary

    September 1, 2016 at 2:29 pm

    Nigerian economy is very bad. Companies are just shutting down, some with the excuse that they have evaded tax paying for years.

    My question is even if some of these companies evaded paying tax, cant the government force them to pay through other means? Why do they have to be shutting down anyhow, under this present regime?

    With all due respect the present economic team of this government have absolutely nothing to offer this country. Nothing but stories.

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