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Ten years after the Asset Management Corporation of Nigeria (AMCON) took over the management of the once bubbling Aero Contractors, the airline is set to liquidate its helicopter wing operations. due to lack of equipment.
The airline has also decided to either declare its workers, pilots, engineers and other complementary staff redundant or embark on leave-without-pay.
As at the time AMCON took over the management of the airline, Aero Contractors had no fewer than eight helicopters (rotary wing) and nine aircraft (fixed wing), but its helicopters had dwindled to just one in the last one year.
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