Photo caption : from L-R: The Head of Ground Operations, Mr Peter Omeda, Technical Director, Mr. Adeyeyi Emmanuel, Chief Finance Officer, Mr. Charles Grant, the Managing Director/ Chief Executive Officer, Aero Contractors, Capt. Ado Sanusi and the Director of Flight Operations, Capt. Ayo Adebule at Aero’s media briefing at the organisation’s headquarters at the Murtala Muhammed Airport, Lagos today.
…Reduces Coy Liability To 33%
…As MRO Secures More Clients
Aero Contractors, the oldest airlines in the country has said that it has stabilised it operations and made a profit of 14 per cent.
The airline is declaring profit eight years after it last declared profit from its operations.
Recall that the last time Aero declared profit was in 2016.
Speaking to a select Aviation Correspondents at the airline’s headquarters at the Murtala Muhammed Airport(MMA),Lagos, today, the Chief Executive Officer/ Managing Director of the airline, Capt. Ado Sanusi attributed the turnaround of the company to hard work , dedication and resilience of the staff and management of the airline, adding that the airline is back to serve its customers on the carrier”s old routes.
According to him,”It is a great achievement . We have not declared profit since 2016.This is the hard work of the staff and the management have done to ensure that the turnaround and the project that was given to us is a success. We have successfully stabilised the company. We are now in the recovery stage and we believe the next step is to invite investors to invest in the company.,”
Sanusi also disclosed that the airline’s liability has been reduced to 33 per cent and that efforts of the management and staff of the airline has stabilised the carrier successfully.
The Aero boss noted that the company has stabilised and that the next phase is inviting investors to invest in the airline.
He added that the airline was closed for eight months before he took over as the Managing Director, adding that the achievement so far is a great feat for the company.
On the welfare of the staff,who contributed immensely to the success story, Sanusi stated that the management has taken care of them as all the outstanding salaries owed the staff have been paid and that it is
only one month salary that is yet to paid to them.
On Aero’s present aircraft fleet, Sanusi said that the airline has three airplanes to operate it’s routes.
According to him, “We have two aircraft in our fleet and the third one is coming. We make sure they are safe and the fares are pocket-friendly for its customers.We don’t intend to increase but to service our old routes.”
Speaking on the airline’s projected aircraft fleet, Sanusi said that the carrier is projecting for 10 airplanes, stressing that the airline is very excited about the profit it has made and its ability to reduce liability to 33 per cent.
On whether Aero will increase its fares during Christmas period in view of the rush for flights usually observed, the Aero’s Managing Director made it clear that the airline will not increase its fares as it will give back to its customers for its continued loyalty as part of the airline’s Corporate Social Responsibility(CSR).
On the airline’s Maintain Repair and Overhaul(MRO) facility, Sanusi said that facility is still very much operational, as airline in the country have been bring in their aircraft for one maintenance or the other for services that would hitherto be taken to other maintenance facilities outside the country.
He hinted that the facility has gotten approvals from Morocco,, Senegal, Congo other countries for its services.
“The MRO is complimenting the airline and the airline is also complimenting the MRO .Both are very important. MRO is the bedrock of any airline,” Sanusi said.
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