NAHCO targets N300bn revenue with contract extension

Nahco Aviance, one of Nigeria’s major ground handling service provider, has projected revenue of N300 billion by 2029, as it extended groundling contracts with three leading international carriers, Emirates, Turkish and Virgin Atlantic.

The company said the extension will further enable the company meet up with its projected revenue of N300 billion by 2029, a target it announced at the recent Facts Behind the Figures presentation at the Nigerian Exchange Limited (NGX).

Emirates, which resumed schedule flight operations to Nigeria in October, had previously appointed NAHCO to provide it with complete ground handling services. This arrangement will now be in place for the next five years.

British carrier, Virgin, has always pitched its tent with NAHCO for excellent service delivery.

The ground handlers’ relationship with Turkish Airlines dates back several year and it has consistently been the preferred service provider for the Airline.

Indranil Gupta, the Group Managing Director/Chief Executive Officer, NAHCO Plc, said this is very good news for the Company and its shareholders.

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“For 45 years NAHCO has been the leader in ground handling service in Nigeria and the entire West Africa region. We will continue to lead the way, satisfy our clients and delight our shareholders. It is a promise we will keep.” Gupta said.

The GMD/CEO expressed NAHCO’s determination to meet the revenue target.

“NAHCO will continue to invest in equipment and in training to meet our obligations to our clients and to meet our revenue target,” Gupta further added.

Prince Saheed Lasisi, the Group Executive Director, Commercial & Business Development, nahco aviance, described the contracts signing as significant development in the relationship between NAHCO and these great organisations.

Lasisi said, “It is a measure of the trust that the airlines have in us that they have extended our contract with them for these respective years. We are so delighted with this and will go beyond expectations in making them the most satisfied airlines operating into and out of Nigeria.”

According to him, any airline that provides the best service will depend on the groundhandler that provides the best service to keep its topflight position. He said NAHCO is honoured with the trust reposed in her by these reputable carriers.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.