The Ibru family has expressed its willingness to take back control of Aero Contractors, which was taken over by Asset Management Corporation of Nigeria (AMCON) due to indebtedness, reports ThisDay.
According to an aviation source who disclosed this to THISDAY, AMCON is willing to sell the airline to Ibru family or any other interested party at a good price.
Aero Contractors was initially owed by the Ibru family and CHC Helicopters of Canada. But CHC, some years ago, relinquished its stakes in the airline, leaving the Ibru family as sole owner.
The airline was taken over by AMCON when it could not offset the credit facility it secured from Oceanic Bank and later Ecobank, which absorbed the assets and liability of the defunct Oceanic bank.
THISDAY gathered from inside Aero source that First Capital, which was appointed to oversee the sale of the airline hinted that about 18 companies from Nigeria and overseas have indicated interest to buy the airline.
But according to the reports, the Ibru family is making moves to buy back the airline and is willing to pay about 50 per cent of the total debts owed AMCON, which was put at about N35 billion.
We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!
Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
Thank you for sharing such a detailed review about ethiopian airlines in your post. I am an avid traveller and keep reading flight reviews to assess the options available. Your review particularly drew my attention because you have shared so many pictures to capture every aspect of the flight experience. It is a very nice effort.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html
I am really tempted to book the next ethiopian airlines ticket and relive your journey. The pictures shared with the post also reflect that you truly enjoyed the travel. Great post! I also like the fact that you have covered nuances about the food and entertainment service through the pictures. It helps people know what to expect on their travel by this airline.
More Info : https://www.cleartrip.ae/flight-booking/ethiopian-air-airlines.html