FLIGHT OPERATIONS ARE HALTED BY AERO CONTRACTORS

The Naira, the currency of Nigeria, is now in trouble due to high volatility and previous devaluations. This has many unfavorable knock-on implications on the economy, but recent events have made things worse.

The Naira has declined dramatically in the recent months on the black market, while the official platform recognized by the Central Bank of Nigeria, I&E, has seen just a small fluctuation.

The devaluation of the Naira in the black market has been blamed on rising currency demand that is outpacing bank supplies. The main reasons for demand for foreign exchange are to pay for unmet demands such as tax debt, education expenses, and the import of manufacturing inputs.

The oldest airline in Nigeria, Aero Contractors, announced that it would stop operating passenger flights on Wednesday, July 20.

Additionally, the airline has previously rejected in May that a financial situation would force them to suspend operations.

However, the firm emphasized in a statement made public that the impact of the difficult operating climate on its regular operations was the reason for the suspension of activities.

The management of Aero Contractors Company of Nigeria Ltd. announced on Wednesday, July 20, the temporary suspension of its planned passenger service operations.

This has no impact on the maintenance activities of the approved maintenance organization (AMO), also known as AeroMRO, the approved training organization (ATO), also known as Aero Training School, or the helicopter and charter services operations, according to the business. This choice was carefully thought through and made because the majority of our airplanes are now undergoing repair, which prevents us from providing a seamless and effective service to our valued clients.

In order to continue providing our passengers with the renownedly safe, effective, and dependable services that Aero Contractors is recognized for, which is the trademark of Aero Contractors Company of Nig. Ltd., we are striving to put these aircraft back in operation within the next few weeks.

For the aviation sector in general and airline operators in particular, the last few months have been particularly difficult.

High foreign currency rates are a result of the high cost of maintenance, soaring gasoline prices, inflation, and forex scarcity. These are a few of the key elements that make up airline operations.

We assure our valued customers and stakeholders of our determination to return to service as soon as possible and that our brief absence will not result in a significant gap in the market. We are working closely with our business partners to ensure that ticket holders experience the least amount of inconvenience possible.

We are working with our partner airlines to lessen the impact on our valued customers as members of Spring Alliance, a commercial alliance whose member airlines help one another in the field of operations.

To assist impacted respected customers in reaching their destinations, our customer support staff will be working.

We vow to resume service as soon as we can and sincerely apologize for any trouble this may have caused to our valued clients.

“We appreciate your cooperation and patience during this time, and we thank you in advance.”