LAGOS – The Skyway Aviation Handling Company (SAHCO) Plc has recorded a massive 74. 8 per cent increase in revenue generation in 2024 when compared to the previous year.
The ground handling company also secured key contracts and renewals, which further cemented its reputation in the aviation industry.
These were contained in a statement by Mrs. Vanessa Uansohia, Head, Corporate Communications, SAHCO, which chronicled the one year in office of Mrs. Adenike Aboderin, the Managing Director of SAHCO.
The statement however, did not specify the amount of revenue generated by SAHCO in the past year.
But, checks by Daily Independent indicated that SAHCO generated about N16.5 billion revenue in 2023 financial year period.
The N16.5 billion was a significant growth in revenue with a 49 per cent increase from N11.1 billion it generated in 2022.
SAHCO’s total assets in 2023, also stood at N34 billion compared to N29.22 billion in 2022.
Uansohia in the statement, said that Aboderin’s tenure had been marked by strategic excellence, a significant boost in operational performance and impressive milestones that had strengthened the company’s position as a leading force in Africa’s aviation ground handling sector.
She maintained that this growth reflected the company’s commitment to operational excellence, enhanced service delivery, and solidified partnerships with key industry players.
Also, the statement hinted that within the period under review, SAHCO had secured key contracts and renewals, which further showcased its leadership status in the sector.
She explained that company successfully renewed its ground handling contract with British Airways for five years, underscoring its reputation for quality service.
Also, it signed a five-year ground handling agreement with South African Airways and strengthened partnerships with other major carriers, including Bristow Airlines, Value Jet, Ibom Air, Green Africa, and Air Cote D’Ivoire.
Besides, SAHCO expanded its footprint in among the indigenous carriers by securing the Air Peace London route, Ibom Air’s regional operations to Accra, and Uganda Airlines’ extended services to Abuja.
SAHCO further expanded its portfolio by entering the religious tourism sector, securing hajj handling contracts with Flynas and Umza Air.
The company also secured the full handling contract for Neos Air, reviving the Nigerian-Italian route after nearly two decades.
SAHCO’s growth continued with new domestic handling agreements with Umza Aviation, LTT Cargo, and ASTRA Aviation, solidifying its dominance in Nigeria’s aviation industry.
The statement added: “SAHCO’s commitment to safety and efficiency was widely recognised, with the company receiving multiple awards from British Airways, including the Bronze, Silver, Gold, and Platinum Awards for Safety & Punctuality at the Lagos station, along with a Bronze Award for its Abuja operations. These accolades affirm SAHCO’s dedication to top-tier aviation handling services.
“SAHCO also set a new standard in operational efficiency, achieving an impressive 37-minutes turnaround for an Ethiopian Airlines cargo flight—a record for offloading 37 pallets from a Boeing 777 in under 40 minutes.”
The statement also restated the commitment of SAHCO to safety and environmental sustainability.
For instance, it said SAHCO successfully renewed its IATA Safety Audit for Ground Operations (ISAGO) and RA3 certifications, demonstrating its commitment to industry-leading safety standards.
SAHCO strengthened its corporate affiliation with the Institute of Safety Professionals of Nigeria (ISPON), reinforcing its position as a safety-driven organization, it said.
The company further said that it had made significant investments in eco-friendly aviation ground support equipment to support its expanding operations and contributing to environmental sustainability in the aviation sector.
The company insisted that with a continued focus on innovation and growth, it was positioned for greater achievements in the years to come.
“The first year of Mrs. Adenike Aboderin’s leadership has been transformative for SAHCO. Through her visionary approach, SAHCO has not only achieved impressive financial success, but has also set new industry benchmarks in safety, efficiency, and customer satisfaction.
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