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SAHCO Grows Market Share To 40 Percent, Boosts Revenue Drive

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The Skyway Aviation Handling Company Plc (SAHCO) has grown its market share from 21 per cent in 2009 to over 40 per cent till date while its revenues have equally grown by over 100 per cent post privatization.

Managing director of SAHCO, Mr Basil Agboarumi, gave the hint on Tuesday shortly after a facility media tour of the company in Murtala Muhammed International Airport in Lagos.

According to Agboarumi, by the end of December, 2017,SAHCO has maintained a stable operating performance with a compounded annual revenue growth rate of 4.4 per cent.

The company, he said also recorded improved profitability with a five year average operating and profit margin of 12.1 per cent and 11.6 per cent respectively by the end of December, 2017.

“This growth has not gone unnoticed in the aviation industry, and thus SAHCO has received multiple awards for its work and contribution to the aviation development in Nigeria, the most recent being the 2017 GNPN Award for “Best Aviation Handling Company of the Year,” Agboarumi said.

Taking the media round SAHCO facility, head, Cargo Services, Mr Olajide Kafidipe, noted that the warehouse has been operational since June, 2016 and that, the company has invested heavily on security, maintenance, training and other areas, in order to ensure that their services are efficient at all times. 

With the capacity to handle 40 to 50 cargo aircraft at a go, Kafidipe assured that SAHCO has all the modern equipment to handle all categories of goods ranging from pharmaceutical, agricultural, wildlife, automobile, edible and others.

Also speaking during the tour, director of sales and marketing of SAHCO, Mr Adigun Olaniyi, said SAHCO still leads in terms of cargo business in the country with over 40 per cent market share.

Adigun however, lamented that the federal government was not recognising the usefulness of ground handling companies.

“You see this business is capital intensive and don’t forget that the airlines cannot function without the ground handlers. We want the Nigeria Civil Aviation Authority (NCAA) to regulate the market. The handling rate is not encouraging. Government should not allow things that could create capital flight in the system,” Adigun said.

The facility tour which involved journalists from different media houses witnessed a visit to the SAHCO warehouse at the import section, export and the maintenance and engineering department



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