Fola Akinkuotu appointed as substantive Aero Contractors’ CEO

Receiver Manager, Adeniyi Adegbonmire has appointed Fola Akinkuotu as substantive CEO for Aero Contractors, as part of the second phase of the restructuring process of the airline.

According to Adegbonmire, the second phase of the intervention is to appoint a CEO after 15 days of the tenure of Tunde Fagbemi of Springfountain, the Receiver Manager Representative (RMR).

Fola Akinkuotu, who was the director-general of the Nigerian Civil Aviation Authority (NCAA) between August 2013 and March 2014, takes over with immediate effect, following a brief intervention led by the RMR.

Akinkuotu is a pilot as well as flight and aircraft engineer. He was responsible for the start up and running of IRS Airlines as pioneer managing director/COO.

Thereafter, he was part of the start up team for Arik Airlines. Fola Akinkuotu was technical pilot and training manager for Virgin Nigeria; NCAA designated Type Rating Examiner becoming the director flight operations and later executive director, international operations in Virgin/Air Nigeria.

Following a high court order obtained by Asset Management Corporation of Nigeria (AMCON), a Receiver Manager Representative, Tunde Fagbemi of Springfountain was appointed February 5, 2016 to begin the process of turning around the Aero Contractors with a view to handing over to a substantive CEO.