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Summary

Aero Contractors (Aero Contractors Company of Nigeria Ltd) or simply "Aero" is an airline based in...

Content

Aero Contractors (Aero Contractors Company of Nigeria Ltd) or simply "Aero" is an airline based in Lagos, Nigeria. It operates domestic and international scheduled services, air taxi, charter and third party aircraft operations, largely in support of Nigeria's extensive oil and gas industry. Its main base is Murtala Muhammed International Airport, Lagos. AeroContractors was formed in 1959; officially registered in Nigeria in 1960 and, at that time, wholly owned by Schreiner Airways B.V. of the Netherlands. It became a company with initially 40% Nigerian holding in 1973 and subsequently 60% in 1976, anticipating the requirements of the Indigenization Decree. In January 2004, Schreiner Airways was bought by Canadian Helicopter Corporation (C.H.C.) who acquired 40% holding of Aerocontractors while the 60% majority share remained within the Ibru family. The airline is owned by Mofta West Africa (60%) and Canadian Helicopters (40%) and has 697 employees (at March 2007). The Nigerian government set a deadline of April 30, 2007 for all airlines operating in the country to re-capitalise or be grounded, in an effort to ensure better services and safety. The airline satisfied the Nigerian

Created by: Freebase Data Team Oct 23, 2006
Last edited by: Freebase Data Team Oct 23, 2006

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