• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Travel

61-Year-Old Aero Contractors Denies Shutting Down Operations

by Yinka Okeowo
May 6, 2022
in Travel
0
UBA
Advertisements

Aero Contractors, Nigeria’s foremost airline, has denied reports suggesting that it plans to close operations.

This report by ThisDay Newspapers warned that barring any urgent intervention, Aero Contractors may be on its way out of the skies after over 61 years of flight operations.

According to the report, with only two aged aircraft, Bombardier Dash 8-300 and Boeing 737-500 in their early 30s and totally bereft of operating cash, the airline is now on its knees about to shut the door for scheduled services.

“Aero Contractors, which provided shuttle service for oil and gas industry for decades and extended its service to scheduled flight operations since 2000 has become moribund with over N50 billion debt overhang”.

But in a swift response, the airlines said the news story published today, May 6, 2022 captioned: “61 years after Nigeria’s Foremost Airline, Aero Contractors Goes Under, was “highly speculative, preposterous and misleading of what was not discussed”.

Aero Contractors, however, acknowledged that airlines in the country are faced with multiple challenges.

“The discussion focused on the challenges facing all airlines in industry, which is common and has been addressed on numerous occasions by the Association of Nigerian Airlines (AON).

“These include high cost of aviation fuel, high foreign exchange rate, high maintenance cost, inflation and low purchasing power of the traveling public following the increase of fares.

“Like many airlines in Nigeria, Aero Contractors have been operating daily, and facing the challenges squarely.

“We categorically deny any plan to close operations as the airline is proactively taking necessary measures and strategy to continue operation and ensure a great travel experience to our highly esteemed customers.

“Aero Contractors has one of the best Maintenance Repair Overhaul (MROs) in West and Central Africa and is Nigeria’s oldest aviation company with capacity to offer both scheduled airline services and maintenance for third party, licensed in over three countries.

“We urge our clients, customers, the traveling public and our stakeholders to disregard the story by Thisday”, the story reads.

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: Aero ContractorsAon
Yinka Okeowo

Yinka Okeowo

Next Post

Data, SMS Tariff Hike Not Possible Without Approval, NCC Allays Subscribers' Fears

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Kubik Raises $3.34 Million to Drives its Revolutionary Carbon-Reducing Building Materials

Kubik Raises $3.34 Million to Drives its Revolutionary Carbon-Reducing Building Materials

2 years ago
Zinox and Femi Falana

Court Dismisses Falana’s Fraud Case against Zinox boss, Others

3 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.