History
Aero Contractors was formed in 1959 and officially registered in Nigeria in 1960. At that time, it was a 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 (CHC) which acquired a 40% holding in Aero while the 60% majority share remained within the Ibru family. Since 2010 the company has been wholly owned by the Ibru family, although Aero still has a technical partnership with CHC regarding its rotary wing division.
Aero Contractors has two divisions:
- Fixed Wing – provides scheduled passenger services in Nigeria and western Africa.
- Rotary Wing – provides helicopter services for the oil and gas industry in Nigeria.
Read more about this topic: Aero Contractors (Nigeria)
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