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NAHCO takes delivery of N500m GSE, upgrades facility

Nigerian Aviation Handling Company Plc (NAHCO Plc) has taken delivery of another set of ground support equipment valued at N500 million, as part of the N3.6 billion equipment proposed in 2019 for injection into the company to aid facility upgrade and enhanced service delivery.

The latest delivery is the first of two sets being expected before the end of the first quarter of 2020.

Beside the equipment, the company has also completed the renovation of the cargo complex, which houses the airlines, cargo agents, banks and other clients.

According to Olatokunbo Adenike Fagbemi, group managing director and chief executive officer of NAHCO, “Our plan is to make NAHCO customer- centric, and with this renovation as well as the ongoing equipment purchase, we are providing our clients conducive environment to operate from. We are also coming up with fresh innovations to offer our numerous clients better deals, and retain a minimum of 65 per cent market share in aviation ground handling business’’.

Speaking on the latest deliveries, the GMD attributed the company’s current low run to Covid-19 pandemic which has adversely impacted its operations, saying that it would continue to strive for excellence at all times.

Read Also: NAHCO explains disbursement of N1.1bn gratuities to ex-workers

“This is just part of the equipment being expected. Some more will be delivered in the coming days. The era of inadequate equipment is sure to be over soon.”

Meanwhile, NAHCO’s five- year transformation plan is on course, though with significant slowdown, due to the closure of the airports caused by Covid-19. The company is, however, optimistic of scaling through the hurdles.

NAHCO Plc is a Nigerian diversified enterprise with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.

It currently serves several airlines across the major functional airports within Nigeria, and handles the largest chunk of domestic, foreign and cargo airlines.

In 2005, NAHCO was privatised and listed on the Nigerian Stock Exchange in 2006. The company is now owned by over 80, 000 shareholders, as well as local and institutional investors.

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