Aero Strikes Deal With Creditor

Aero (Aero Contractors) announced that it has reached agreement to restructure its loans of about N33 billion ($220 million) with Oceanic Bank. The airline is now completely in hands of the Ibru Group as CHC Helicopter Corporation (CHC) ceded its 40% stake in the airline to the Ibru family. Aero and CHC will continue their technical relationship and concluded a new ten-year agreement.

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