October 18, 2018

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AMCON takes over Aero Contractors’ management

AMCON takes over Aero Contractors’ management

In furtherance of its statutory responsibility of acquiring Eligible Bank Assets and putting them to economic use in a profitable manner, the Asset Management Company of Nigeria, AMCON, has dissolved the board of Aero Contractors and appointed a manager over the affairs of the airline.

Disclosing this in a statement issued on Friday, the majority shareholder and creditor of Aero stated that “An industry-based management team will be put in place to provide the highest level of professional competence which would ensure a quick re-positioning of the company.”

The statement explained that, “The management of AMCON decided to make changes in the management of the airline to protect the brand heritage of the airline, a very well cherished value. Read more

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