Nahco Aviance Share Price Update:
Price as at:
20 Feb 2018
Price: 3.89
Change: 0.00
% Change: 0.00
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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 thirteen airports across Nigeria, with plans to expand operations to other African countries. It handles about 75% of domestic, 83% foreign airlines and 80% of cargo 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. The Federal Government of Nigeria, through Federal Airports Authority of Nigeria (FAAN), initially held 60% equity interest in the company while four foreign airlines - Air France, British Airways, Sabena and Lufthansa - shared the remaining 40% in various ratios.

In 2005, nahco aviance was privatized and subsequently listed on The Nigerian Stock Exchange in 2006. The company is now owned by over  75, 000 individual shareholders and five (5) institutional shareholders, namely: Air France, Lufthansa Airlines, Sycor Private Investment Limited, Rosehill Group Nigeria Limited and Awhua Resources Limited. The company’s stock exchange symbol is “Nahco”.

Since its privatization, the company has embarked on business diversification programme that cuts across industries and geography, as a result of which it has developed strategic global alliances through its membership of aviance, the global alliance of 10 reputable airport service providers operating from 112 stations in 17 countries, and The International Air Cargo Association (TIACA), which exists to promote the air cargo industry and world trade. In 2010, nahco aviance was awarded the ISAGO certification, the IATA Safety Audit for Ground Operations, becoming the first ground handling company in West Africa to receive one of the aviation industry’s highest honours for safety and service quality, and has been recertified till 2018. nahco aviance is rated A by Augusto and A-by Data Pro.

Pursuant to the company’s commitment to exceptional value creation for shareholders, it is currently consolidating its aviation services operations and expanding across Africa.

The company currently operates a Free Trade Zone, first of its kind in the industry, in addition to other subsidiaries, employing 1,700 Nigerian and expatriate staff