SAHCO spends millions on Ground Support Equipment to boost efficiency

Some Ground Support Equipment that are valued at N1 billion were unveiled, yesterday, by the management of Skyway Aviation Handling Company Plc, SAHCO.

The company acquired the new equipment in its bid to offer more efficient and safer services to airline companies across Nigeria’s many airports.

Speaking during the inauguration of the newly-acquired equipment, the company’s Chief Executive Officer, Mr Basil Agborarumi, said SAHCO Plc decided to invest heavily in equipment as part of its effort to ensure operational efficiency and safety in the airlines industry.

According to the CEO, the company expects to to have more Ground Support Equipment delivered soonest.

“A major equipment has just arrived for SAHCO currently undergoing clearance in Port Harcourt.”  –Agborarumi

The following are some of the equipment that were recently taken ownership of by the company:

  1. Three units of 140KVA Ground Power Unit (GPU), whose function it is to power aircraft in order to refill the aircraft’s power after landing,
  2. Ten brand new engines for baggage tractors,
  3. Five tow bars,
  4. Load Bar,
  5. Tyre remover,
  6. And air compressor.

Just as its name suggests, Skyway Aviation Handling Company PlC provides aviation services to Nigerian airlines. The company, which was formerly state-owned until its privitisation in December 2009, was incorporated under the Nigerian Company & Allied Matters Act.

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In May 2018, the Nigerian Stock Exchange disclosed that it was in talks with the management and board of Skyway Aviation Handling Company Plc  over the possibility of the company’s listing on the Exchange.

Five months later in October 2018, we reported that the company’s board and management finally reached an agreement with the Bureau of Public Enterprise (BPE) and Securities and Exchange Commission (SEC) to become a listed company on the Nigerian Stock Exchange (NSE).

The company’s Chairman, Mr Taiwo Afolabi, finally announced in November last year that the company had offered 406,074,000 units of ordinary shares to the investing public.

The share offer, which was offered at N4.56 per share, lasted from Monday November 12th 2018 through to December 19th of the same year.

The company is the only one whose initial public offering was witnessed on the Nigerian bourse last year.

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Author: see naija

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