AMCON reappoints Sanusi as MD of Aero


Asset Management Corporation of Nigeria (AMCON) has reappointed Capt. Ado Sanusi as the Managing Director of Aero Contractors.

Capt. Sanusi was reassigned by AMCON in 2020 to manage the Nigerian Eagle (NGE) carrier as part of the exit strategy of AMCON from Arik Air, while Capt. Abdullahi Mahmood was seconded from Arik Air to manage Aero Contractors in 2021.

AMCON explained that its decision to retain Sanusi as Managing Director of Aero follows the lingering issue surrounding securing the Airline Operator Certificate (AOC) of NG Eagle and the consequent failure of the airline to take off.

Aero and Arik are under administration by AMCON following takeover by the Federal Government on account of debts.

AMCON has now decided to reassign Capt. Sanusi back to Aero.

Aero Contractors has been in Receivership since 2016, and is undergoing restructuring with expectation of returning to schedule services in the very near future.

“I am pleased to return to Aero Contractors to continue the job of repositioning the airline. I thank Capt. Mahmood for the wonderful job he has done in holding the fort.

“A lot needs to be done to make the airline stronger to be able to face future challenges. I look forward to the support of the staff and management of the airline including other stakeholders to make the airline great once again,” Sanusi said.

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