Canada Helicopters Company (CHC) owned 40 per cent stake in Aero, but according to a statement from the airline, the Ibrus now own the airline 100 per cent. The statement also said that CHC will continue its technical relationship with Aero and maintain its aircraft both in scheduled passenger operations and rotary operations, which service the nation's oil industry.

Captain Akin George, Head of Flight Operations said in the statement, "Aero's 50-year history as the first, the leading, and now 100% owned Nigerian Aviation Company, carries with it a lot of responsibility and the humble obligation to remain loyal servants to the meaningful development of the Nigerian aviation industry, its stakeholders and the Nigerian economy at large.

George assured that Aero would achieve this by judicious use of its infrastructure, described as second to none, and the continuing stringent application of industry-leading safety standards. "We are extremely confident that we are the best positioned company in Nigeria to deliver on charter contracts and to provide reliable scheduled services to the Nigerian flying public."

Few months ago Aero's operations were threatened as it disagreed with Oceanic Bank over the aforementioned debts but for the intervention of the Minister of Aviation, Mrs. Fidelia Njeze and other stakeholders the airline would have stopped operation.

The propeller operations of the company briefly stopped its services as CHC was deprived of needed funds but resumed after some kind of agreement was reached. With this restructuring the more than 1,200 workers of Aero whose jobs were threatened and were anxious about their future would now sleep easy.