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Nigerian Aviation Handling Company (NAHCO) will invest $500mn

LAGOS, Federal Republic of Nigeria. March 4, 2015 (Daily Independent) – The Managing Director, Nigerian Aviation Handling Company (NAHCO) Aviance, Mr Norbert Bielderman said that it has secured a Free Trade Zone (FTZ) license and has also established a subsidiary with a five years business investment plan of about $500 million (about N99.9 billion).

He disclosed this while speaking at the one-day Nigeria Cargo Summit organised by NAHCo in Lagos.

The cargo submit which brought together stakeholders in the air cargo business deliberated on various issues as it affects air cargo business in Nigeria.

Bielderman stated that NAHCo shareholders have been benefiting from uninterrupted dividend payout for the last 10 years and that the ground handling company recently won an award for achieving this feat in this constantly challenging economy.

The Managing Director posited that though, NAHCo forecast very challenging time ahead for the industry this year, most especially that caused by political economy, the company  would work very hard to sustain this feat through hard-work, improved efficiency, cost management strategies and revised revenue structure.

He commended NAHCo staff for their dedication, commitment and loyalty, adding that loyal employees are the company’s greatest value.

Bielderman promised to continually develop and sharpen their skills to support the industry needs business, adding that NAHCo has budgeted the sum of $200,000.00 for training of staff this year.

NAHCo, he said has initiated the process  of employing 100 Passenger Services Agents (PSA) next quarter training after the mandatory compliance training will travel overseas for one month on-the-job training.

According to him, “Our 2015 budget has accommodated employee training provision of $200,000.00. As we all know that aviation is a knowledge based industry with its high technical and safety needs and requirements, we have chosen to reinforce our commitment to staff training. We have initiated a process to engage 100 Passenger Services Agents (PSA) next quarter who after the mandatory compliance training will travel overseas for one month on-the-job training at a high brow international airport. This further assures our client airlines of our unflinching commitment to service excellence.  Upon employment, these new talents will also replace our aging workforce as identified globally as an industry strategic need”.

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Nigerian Aviation Handling Company Plc. (nahco aviance): “Nigerian Aviation Handling Company Plc. (nahco aviance) is a Nigerian diversified enterprise with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation, fueling services and aviation training. The company currently serves more than 35 airlines at seven airports across Nigeria, with plans to expand operations to other African countries. It handles about 70% of domestic and foreign airlines operating in Nigeria. nahco aviance was incorporated on December 6th 1979 as an aviation servicing company but started operations in April 1979 with the commissioning of the Murtala Muhammed International Airport, Lagos. In 2005, nahco aviance was privatized and subsequently listed on The Nigerian Stock Exchange in 2006. The company is now owned by over 80, 000 shareholders, including two international airlines – Air France and Lufthansa; as well as local investors; Sycor Private Investment Limited and Rosehill Group Nigeria Limited. The company’s stock exchange symbol is “Nahco”. The company was recently granted a license by the Federal Government to operate a Free Trade Zone. nahco aviance employs more than 1, 700 Nigerian and expatriate staff and in 2013 generated N8.1 billion in revenue.” ((nahco aviance: 2015)

 

 

 

 

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