Nahco Aviance Share Price Update:
Price as at:
24 May 2017
Price: 3.04
Change: -0.06
% Change: -1.94
 
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NAHCO Signs String of new Businesses  [01/07/16]

Foremost national ground handling services provider, nahco aviance is continuing the cementing of its leadership position in the industry with the recent signing of a string of new international and local businesses.

A statement from the Company listed the expanding list of businesses to include international air operators, Meridiana Fly (Italian Airline), Mid – African Airlines (new Gambia Flag Carrier) which are making entries into Nigeria for the first time.

It also includes Rwandair which had just concluded plans to fly the Abuja – Kigali route.

Also concluded is the deal with Mainstream Aviation; a major Cargo Air-Freight (Logistics) Airline operating both international and local flights.

As if to complement the expanding business on the international route, the Company has also signed deals to provide ground handling service for Air Peace in Akure, Ondo State, and for fast rising local operator, Azman Air in Maiduguri and Yola.

Speaking on the development, the Chief Commercial Officer (CCO) of the Company, Mr. Seyi Adewale said, “It's during difficult business periods or cycles that the 'wheat is separated from the chaff'. At this stage, it's very clear that NAHCO is an excellent and efficient brand that has endured 36 years of Aviation (Ground) Handling Efficiency and Qualitative Standards. Our high-end Ground Support Equipment is well maintained and upgraded.  We have a strong and motivated workforce, and we are sticklers for continuous business development and innovation. Our professional and operating ethics sets us far above other Terminal operators and this is further proven by our growing local and international airline partners. We would continue with our driving force and slogan to deliver Service Beyond Expectation!"

According to Adewale, the new businesses are a testimony of the excellent service delivery which NAHCO is known for globally, pointing out that more and more operators are realizing that they deserve value for money and are turning to a service provider that can ensure that.
Publicly - listed NAHCO has continued to weather the storm of harsh operating environment and has declared revenues of N8.4Billion for the 2015 operating year, a year which analysts were unanimous in proclaiming as a very difficult year.