Aero Offers Lowest Fare to Celebrate Customers at Christmas

Chinedu Eze

Nigeria’s oldest carrier, Aero Contractors has announced starting fares of N80, 000 to any of its destinations within Nigeria, saying that it decided to bring down its fares to celebrate Christmas with its customs in appreciation of their loyalty over the years.

With a starting fare at N80, 000, Aero Contractors is offering the lowest cost of ticket in the domestic air travel market, especially at this period of Christmas season, when fares have averaged N120, 000 for one hour domestic flight.

The airline has also indicated that it is now ready for investors to invest in the company as it has for the first time in eight years recorded a profit of 14 per cent and reduced its liability by about 33 per cent.

This was made known by the Managing Director and Chief Executive Officer of Aero Contractors, Captain Ado Sanusi, who was responsible for resuscitating the airline when it became moribund in 2017.

Aero faced financial challenges for some years, which led to its takeover by Asset Management Corporation of Nigeria (AMCON) that currently owns 60 per cent stake in the company. 

Sanusi said the modest profit of about 14 per cent profit recorded by the airline, was a testimony of the hard work the management and other staff have put in the company for the positive turnaround being recorded currently.

“We believe the next aspect of our recovery will be to invite investors to come and invest into the company. We have also reduced our liability by about 33 per cent. So, we are preparing the company for investors to come in and invest. This is a great success story for us. A company that was closed down before I came, I think in 2021, I believe, for about eight months. And now we have turned it around, and it is in the trajectory of recovery. We sincerely believe that with what we have said, we will get investors to invest and put in more aircraft,” Sanusi said. 

The Managing Director said that as at today the company has paid off the National Union of Air Transport Employees (NUATE) and the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and is about paying the National Association of Aircraft Pilots and Engineers (NAAPE) all the arrears owed them.