July 23, 2019 /05:45PM / by NSE
Skyway Aviation Handling Company PLC (SAHCO) has been awarded ‘The Most Innovative Ground Handling Company in Nigeria Award’.
The award was given at the 23rd edition of the Annual Conference and Awards of the League of Airport and Aviation Correspondents (LAAC) which took place at Radisson Blu Hotel, GRA, Ikeja, Lagos.
The award, a segment of the Annual Conference of LAAC with the theme ‘Boosting Aviation Investment Through Policy’ had various speakers from the industry to analyse different topics. The speakers were Capt. Roland Iyayi, CEO, TopBrass; Capt. Hamisu Yadudu, CEO, FAAN; Capt. Fola Akinkuotu, CEO, NAMA; Mr. Nick Fadugba, President, African Business Aviation Association; Barr. Allen Onyema, Chairman/CEO, Air Peace amongst others and the event was well attended by the crème de la crème of aviation and the society.
LAAC said the purpose of the award is to recognize individuals and corporate bodies who have excelled in Aviation, Travel and Tourism and who have contributed immensely to the growth of Aviation travels in Nigeria.
According to LAAC “SAHCO PLC bagged the award because the company has been able to stand out from other Ground Handling Companies within the region through its consistent innovations which enhance safe, speedy and efficient Ground Handling Operations for its numerous clients. Over the years the company has evolved by making use of its personnel to fabricate some equipment to reduce the company’s cost of operations”.
Furthermore in 2018, the company’s team of engineers built a Ground Support Equipment from scratch at the SAHCO’s Engineering and Maintenance workshop to fuel aviation ground support equipment. The fuel bowser is the first in the history of aviation of Ground Handling in Nigeria to be created from locally sourced materials. The idea to create the equipment was conceived by the Engineering team to align with the Nigerian maxim of Use Nigerian Buy Nigeria. The production of the equipment is aimed at leading to higher efficiency of safe and fast service delivery which is what SAHCO stands for.
The company has also built a toilet bowser and baggage carts from locally sourced materials too.
SAHCO which was officially listed on the Nigerian Stock Exchange on the 23rd of April, 2019, is the first company under the Bureau of Public Enterprises (BPE) privatization programme to successfully finalize an Initial Public Offering, listing 1.35 billion shares worth N6.29 billion on the Exchange at N4.65 per shares.
SAHCO, which was incorporated as an Aviation Ground Handling Service provider under the Nigerian Companies and Allied Matters Act of 1990 is a Public Limited enterprise involved in the activities which includes Passenger Handling, Ramp Handling, Cargo Handling and Warehousing, Aviation security, Baggage Reconciliation, Crew bus and Executive Lounge services and other related Ground Handling services.
The company was formerly known as Skypower Aviation Handling Company Limited before it was privatized and handed over to the SIFAX Group on December 23rd, 2009.
At SAHCO, the business model is geared towards delivering premium services and this has necessitated massive investment in personnel development, fleet replacement and infrastructure development over the years, with a spread to twenty-one commercially operated airports thus making the ground handling firm a one-stop shop for passenger handling, cargo and ramp handling services in Nigeria’s aviation Ground Handling Services.
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Graph 1: Skyway Aviation Handling Company Plc – YTD Share Price Movement
Table: Unaudited Q1 2019 Results