NAHCo Targets N300bn Revenue, Wins Foreign Airlines Handling Contracts

The Nigerian Aviation Handling Company Plc (nahco aviance) on Monday, said the company targets N300 billion revenue by 2029.

The group managing director/chief executive officer, NAHCO Plc, Indranil Gupta, in a statement, said the company has also won ground handling contracts with three leading international carriers, Emirates, Turkish and Virgin Atlantic.

Describing the feat as good news, the NAHCo boss stated that the extension will further enable the company to meet up with its projected revenue of N300 billion by 2029.

According to him, the revenue target was announced at the recent Facts Behind the Figures presentation at the Nigerian Exchange Limited (NGX).

“Emirates, which resumed scheduled 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.

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“British carrier, Virgin, has always pitched its tent with NAHCO for excellent service delivery. The ground handlers’ relationship with Turkish Airlines dates back several years and it has consistently been the preferred service provider for the Airline,” Gupta stated.

Gupta who described the news as good news for the Company and its shareholders, stated, “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.”

The GMD, however, 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.

Also speaking, the group executive director, Commercial & Business Development, Nahco Aviance, Prince Saheed Lasisi, 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 ground handler 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.