Signs that virtually all Nigerian airlines are insolvent became visible yesterday as Nigeria’s oldest airline, Aero Contractors, suspended all its scheduled operations.
The carrier, however, said it was ‘re-positioning to return to profitability.’
The implication is that over 1,200 workers have been thrown into the labour market as the carrier has about 1,250 workers. Before now, Aero, which was one of the most stable carriers in Nigeria, had commenced downsizing of its workforce by 50 per cent. Other airlines are said to […]