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The
Asset Management Company of Nigeria, AMCON, has dissolved the board of
Aero Contractors and appointed a manager over the affairs of the
airline. In furtherance of its statutory responsibility of acquiring Eligible
Bank Assets and putting them to economic use in a profitable manner,
Disclosing this in a statement issued on Friday, the
majority shareholder and creditor of Aero stated that “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.”
The statement explained that, “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.
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