AMCON fires Aero Contractors board
The Asset Management Company of Nigeria (AMCON) has fired the board of directors at Aero Contractors.
AMCON has said the removal of the board was in the interests of the company.
“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. 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," said AMCON.
AMCON acquired a 60% stake in Aero Contractors in 2011, and has since provided the company with NGR20 billion (USD100.58 million).
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