Aero Contractors Airlines said it would suspend its scheduled services from today.
In a statement, the carrier said the development was part of its strategic business realignment to reposition the airline and return it to profitability.
This business decision, which is a result of the current economic situation in the country, has forced some other airlines to suspend operation or outrightly pull out of the country.
Aero said it has faced challenges in the past six months which impacted its business and by extension its scheduled services operations.
These factors, according to the management are both internal and external environmental factors that have made it difficult for the airline to continue its scheduled services.
It said during the period in review, Aero, which was hitherto revered for its safety, timeliness among other virtues witnessed epileptic operations and services to the external publics that are caused by non-alignment of fundamental issue of the business, which in some cases have been frustrating and embarrassing to all parties including staff, customers and indeed all stakeholders.