Aero Managing Director resigns.

Sky Watch Nigeria.

The Managing Director of Aero, Captain Akin George has resigned, a statement by the airline's public relations consultant- SY&T Communications confirmed yesterday December 9, 2012.
Ealier during the week, there were unconfirmed reports that Captain George left as the managing director of Aero due to unresolved disagreements with the Board of the airline, but the public relations firm denied the report.

According to the airline:

"Following the commencement of a restructuring exercise initiated by the AMCON with the support of the board of Aero, the Managing Director of Aero, Capt. Akin George, has resigned. This is the beginning of a restructuring exercise that will make the airline slimmer and stronger, with the aim of making it more competitive.George has served Aero for 24 years in various capacities."

In a twist yesterday, the firm while confirming the earlier denied report said:

''This is the beginning of a restructuring exercise that will make the airline slimmer and stronger with the aim of making it more competitive.''

Chairman of the Board of Aero, Mr. Funsho Kupolokun was quoted by the statement as saying:

"The board accepts the resignation of Capt. George and appreciate the services he has rendered to this airline over the last two decades. We wish him the best in his future endeavour".

Mr. Obaro Ibru who until now was the Deputy Managing Director has been appointed by the board as the Acting Managing Director.

Aero owns N32 billion to the Asset Management Corporation of Nigeria (AMCON).