Thursday, 16 March 2017 22:00

Aero Contractor goes bankrupt, over 800 employees fired

Aero Contractor Airline is "technically bankrupt" and just sacked over 800 employees, according to Mr Simon Tumba, media consultant to the troubled airline in a statement.

The airline which is under the management of the Asset Management Corporation of Nigeria, this week issued letters of redundancy to the affected workers.

“The current situation where over a thousand people are basically not engaged due to lack of serviceable aircraft is not sustainable for the airline.

“The huge monthly salary associated with a bloated workforce will eventually kill the airline, which is not the intention of the current government,” he said.

“This decision will immediately reduce the whooping operational cost, which has been stifling Aero; enable the management to bring in more aircraft through savings from overheads and pay for C-checks.

“It will also enable Aero have a more manageable and committed workforce in line with international best practices of 50 to 60 personnel to one aircraft unlike what obtains in Aero at the moment.”

Last modified on Tuesday, 21 March 2017 12:43

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