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SAHCO Wins Best Performing Stock Award

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SAHCO Wins Best Performing Stock Award

SAHCO WINS BEST PERFORMING STOCK AWARD

Olushola Okunlade Writes

Skyway Aviation Handling Company PLC (SAHCO) has won the award of “Best Performing Stock” for the year 2021 at the Nigerian Investor Value Awards 2022 (NIVA) hosted by BusinessDay and the Nigerian Exchange (NGX) in Lagos Continental Hotel, Victoria Island. 

SAHCO was picked from three nominees in the Transport Related category because of the recognition of SAHCO’s stellar performance in creating value on the Nigerian Stock Exchange on the basis of the following criteria which are share price, dividend payments, sustainability, brand value, market leadership and business strategy in 2021. 

At the event, Ogho Okiti, the Managing Director of BusinessDay Media Limited said in his opening speech that the award ceremony which was formerly known as the Top 25 Awards was created to recognize leaders of public and private companies who have created sustainable alpha-generating value for their shareholders through their strategic priorities, operating efficiencies, organizational values, and market engagement activities. 

SAHCO Wins Best Performing Stock Award
Left-Right: Company Secretary, Skyway Aviation Handling Company PLC (SAHCO, Mrs. Omolara Bello; Manager, Corporate Communications, SAHCO, Mrs. Vanessa Uansohia; Managing Director/CEO, SAHCO, Mr. Basil Agboarumi; Vice President, CFA Society Nigeria, Mr. Chuka Maduabum; Managing Director, BusinessDay Media, Dr. Ogho Okiti during the presentation of the award.

He went on to say that though there has been a backdrop of slow economic growth and a volatile national economy in the past 12 months, following the Covid-19 pandemic in 2020, the capital markets have maintained a positive growth trend showing a testament to the resilience and agility of businesses within the bourse. 

Basil Agboarumi, the Managing Director/ CEO of SAHCO, who received the award said that though the company is fairly new to the Nigerian Stock Exchange market having joined on the 23rd of April, 2019, SAHCO has done very well as a Public Listed company by delivering Aviation Ground Handling Service in line with internationally accepted best practices. He also went on to say that SAHCO will continue to deliver safe, speedy, and efficient service thereby making Nigeria proud. 

SAHCO Wins Best Performing Stock Award
Left-Right: Company Secretary, Skyway Aviation Handling Company PLC (SAHCO, Mrs. Omolara Bello; Manager, Corporate Communications, SAHCO, Mrs. Vanessa Uansohia; Managing Director/CEO, SAHCO, Mr. Basil Agboarumi; Vice President, CFA Society Nigeria, Mr. Chuka Maduabum; Managing Director, BusinessDay Media, Dr. Ogho Okiti during the presentation of the award.

The Skyway Aviation Handling Company PLC was prior to December 2009 a struggling establishment of the Federal Government of Nigeria, having been rescued from the ashes of the liquidated Nigerian Airways then the SIFAX Group led by its Executive Chairman, Dr. Taiwo Afolabi, bought over SAHCO as a preferred bidder from the Federal Government of Nigeria, in a keenly contested privatization exercise by the Nigerian Government Privatization Agency- Bureau of Public Enterprises (BPE) and then it was listed on the Nigerian Stock Exchange Market in 2019. 

Today, SAHCO is a great brand that has won its way to the heart of the Aviation Community, having undergone and received the highest available International and local certifications, providing equipment and facilities that matches with the very best anywhere in the world. 

SAHCO is a Public Listed enterprise involved in the activities which include Passenger Handling, Ramp Handling, Cargo Handling and Warehousing, Aviation Security, Baggage Reconciliation, Crew bus and Executive Lounge services, and other related Ground Handling services for World’s Best Airlines, originating within Nigeria and from various parts of the Continent. 

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SAHCO Expands Fleet Of Modern Aviation Ground Handling Equipment To Boost Operation

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SAHCO Expands Fleet Of Modern Aviation Ground Handling Equipment To Boost Operation

By Moninuola Sulaiman

Skyway Aviation Handling Company (SAHCO) Plc has expanded its fleet of ultra-modern Aviation Ground Handling Equipment by acquiring Universal Loaders, Tractors, Container Dollies, Canopied Passenger Steps, Conveyor Belt loaders, and Air Starter Units.

The new Universal loaders which were manufactured by French Ground Support Equipment (GSE) maker, AirMarrel in France are 7,000 tonnes lower than the main deck loaders. The GSEs are well-matched with the latest compatible standards and can be used to load both pallets and containers. Also, the loaders are equipped with Aircraft Approach sensors that minimize accidents or damage to the Aircraft body by restricting contact.

The three ruggedly built GSEs also known as E-LAM 7,000 are fitted with tier 4 Deutz engines and the capacity to travel long distances that make them compatible with Nigerian terrains and long-distance tarmac. The E-LAM 7,000s can similarly be used for loading at both the front Cargo hold and the rear Cargo hold.

SAHCO Expands Fleet Of Modern Aviation Ground Handling Equipment To Boost Operation
Sherpa Tractors

In addition, SAHCO acquired three Air Starter Units (ASU) equipment from Quinault, a GSE manufacturer resident in France. ACUs are used to start an aircraft’s engine while it is on the ground. The ASUs acquired by SAHCO can power both wide-body and narrow-body aircraft. They are also fitted with tier 4 Deutz engines with low emissions of carbon monoxide and are built to produce 180 pounds per minute of power.

Furthermore, the ASUs are built with aluminum chassis which is to prevent rusting thereby making them all-weather equipment that can be used under the rain or the scorching sun.

Similarly, 6 Sherpa Tractors were procured to boost the existing fleet of GSE in SAHCO. These tractors are built to service both Cargo and Passenger Baggage. The front wheels of the tractors have been modified to be bigger than the older models to enable better stability of the equipment and to suit a rough terrain better, besides the seats, have in-built leaf springs to ensure that the operator is comfortable driving the equipment thereby preventing any work-related development of hernia due to hard and immobile seats.

Likewise, the GSEs are fitted with tier 4 Deutz engines for low emission of carbon monoxide which makes them environmentally friendly. The Tractors which were produced by Goldhofer from Germany are built to have low fuel consumption capacity.

Also, SAHCO added 50 Container Dollies manufactured by Bombelli, an Italian GSE company to the new fleet of GSEs, these Container Dollies are used to transport Unit Load Devices (ULD) during Operations. The Dollies are made of galvanized steel to prevent corrosion and rusting and are fitted with spring-loaded hooks which makes the connection and pulling easy for operators.

Similarly, the Canopied Passengers Steps and Conveyor Belts were manufactured by Bombelli. The three Canopied Passenger Steps have factory-fitted Coverings to protect Passengers from the rain or scorching sun while embarking or disembarking and they are also fitted with Aircraft Proximity sensors in accordance with world best practices. The Passenger Steps also have the capacity to be motorized or manually operated and can be used to service the following Aircraft; B737, B727, B757, CRJ, A318 – A321.

In addition, the three Conveyor Belts which are used for loading and offloading baggage, are equally fitted with In-built Aircraft Proximity Sensors. Also, the roller belts are manufactured in a block assembly fashion which makes the GSE convey loads faster, carry more weight and last longer.

SAHCO Expands Fleet Of Modern Aviation Ground Handling Equipment To Boost Operation
Air Starter Units

Speaking about the equipment, the Managing Director/CEO of SAHCO, Basil Agboarumi said SAHCO is committed to always providing safe, speedy, and efficient services for clients and prospective clients. Furthermore, as SAHCO clients are expanding their routes, we are also ensuring that we are exceeding their expectations by expanding our fleets too. We are constantly training our staff both abroad and locally to learn how to operate and maintain this new equipment so as to maximize their productivity.

Recently, SAHCO won the Best Ground Handling Award in Africa at the Aviators Africa Conference in Johannesburg, South Africa in recognition of SAHCO’s immense contribution to the development of African Aviation. SAHCO was nominated with three other Ground Handling Companies after which SAHCO won with a landslide due to SAHCO’s continuous input in ensuring that all activities are executed according to best world practices.

SAHCO is a Publicly Listed Aviation Ground Handling Service provider that is present in all the commercially operated Airports in Nigeria which are Lagos, Abuja, Kano, Port Harcourt, Owerri, Calabar, Ilorin, Enugu, Maiduguri, Gombe, Ibadan, Jos, Asaba, Benin, Bauchi, Uyo, Sokoto, Kaduna, Yola, Bayelsa, Warri, and Anambra.

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SAHCO Wins Aviators Africa Ground Handling Award

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SAHCO Wins Aviators Africa Ground Handling Award

Olushola Okunlade Writes

Skyway Aviation Handling Company PLC (SAHCO) has won the best Ground Handling Award in Africa at the Aviators Africa Conference and Tower Awards 2022 held at the Protea Wanderers Hotel in Johannesburg, South Africa.

The award was presented at the fourth edition of the Aviators Africa Conference and Tower Awards which was well attended by delegates and airline executives from across the world. Furthermore, the event was created to celebrate excellence and sustainability in African Aviation and to recognize brands and change-makers that have contributed immensely to the development of African Aviation.

The three-day event which was themed; ‘Sustainability in African Aviation’ was focused on the challenges faced by the Aviation and tourism industry and recommended possible recovery paths to the challenges. At the event, the founder and CEO of Aviators Africa Conference and Tower Awards, Toni Ukachukwu said the conference was aimed at pioneering sustainability initiatives in the African Aviation eco-system whilst connecting it with tourism.

The award which was received by the Managing Director/CEO of SAHCO, Mr. Basil Agboarumi said it was “a long time coming” and when he saw the nomination list of the Ground Handling Companies of high repute, he was proud to see SAHCO nominated alongside National Aviation Service (NAS), Swiss Port and Kenya Ground Handling Company to which SAHCO won with a landslide victory.

SAHCO Wins Aviators Africa Ground Handling Award
Left-Right: Media Relations Specialist, South African Civil Aviation Authority, Sisa Majola; Managing Director/ CEO, Skyway Aviation Handling Company PLC, Basil Agboarumi at the event.
In 2019, the Southern Swamp Associated Gas Solutions project was commissioned, and the SPDC JV is planning to reduce associated gas flaring further through its Forcados Yokri gas-gathering project, of which large parts are set to be completed in 2022. Despite such efforts to reduce continuous flaring, unfortunately flaring intensity (the amount of gas flared for every tonne of oil and gas produced) at both SPDC- and SNEPCo-operated facilities increased in 2021 owing to short-term operational issues. Flaring from SPDC-operated facilities increased by around 5% in 2021 compared with 2020. The increase was primarily because of the extended outage of the gas compression system in SPDC’s shallow-water operations. The system was restored and became operational from January 2022. Flaring at SNEPCo-operated facilities rose by around 160% in 2021 compared with 2020. This was mainly because of an increase in flaring on the Bonga floating production, storage and offloading (FPSO) vessel. Repairs to a flex-joint on the Bonga FPSO’s gas export riser in the second quarter took longer than expected, in part because of weather conditions. While repairs were under way, the FPSO continued to produce oil and therefore flaring was necessary for safety reasons. The repairs were safely concluded in July 2021. Although flaring intensity levels rose in 2021, SPDC and SNEPCo over the last 10 years have almost halved the combined amount of hydrocarbons they flare from 1.5 million tonnes in 2012 to 0.8 million tonnes in 2021. This reduction is the result of a strict flaring reduction management process and both SPDC and SNEPCo will continue to work in close collaboration with joint-venture partners and the government to make progress towards ending routine flaring of associated gas. NIGERIA LNG EXPANSION UNDERWAY Global demand for LNG continues to grow as the world increasingly seeks reliable supplies of lowercarbon energy. Shell’s investment in Nigeria’s gas infrastructure for export is expected to help 6 This is according to a data provided by global research and consultancy business Wood Mackenzie. the country benefit further from revenues. Shell Gas B.V. and its partners took a final investment decision in 2020 on a new LNG processing unit – known as Train 7 -- at NLNG. The expansion is expected to create around 12,000 jobs for Nigerians during construction and stimulate growth of the local oil and gas service sector, with 55% of engineering and procurement of goods and services being sourced in-country. Train 7 is expected to ensure Nigeria’s continued place as a global player in a lower-carbon energy source. Once operational, Train 7 will add around 8 million tonnes per annum of capacity to the Bonny Island LNG facility, taking the total production to around 30 million tonnes per annum. In 2021, NLNG began awarding procurement and construction contracts. Early works started at the site. The first phase of the worker village is expected to be ready for occupancy in 2022 and the new material offloading facility ready for use by the end of 2022. NLNG’s Train 7 is expected to come onstream in the middle of the 2020s. KEY LICENCE RENEWED FOR DEEP-WATER SNEPCo has interests in four deep-water blocks in the Gulf of Guinea, two of which it operates. Today, nearly one-third of Nigeria’s deep-water oil and gas production comes from the Bonga and the nonoperated Erha fields.6 Since production began in 2005, Bonga alone has produced more than 950 million barrels of oil with the 2021 average oil production per day at 105,000 barrels. The Bonga FPSO vessel has a total production capacity of 225,000 barrels of oil per day and 150 standard cubic feet of gas export per day. In 2021, the availability of the FPSO vessel increased to 80% from 70% in 2020. In addition to Bonga, SNEPCo’s exploration activities have led to several significant discoveries of oil and gas over the last two decades, including the Bolia and Doro fields (Shell interest 55%). Nigeria Briefing Notes Helping to power Nigeria’s economy 13 In the right investment climate, SNEPCo believes that there are opportunities to expand. In 2021 the OML 118 (Bonga) production sharing contract was renewed and the lease extended for 20 years. Bonga North and Bonga South West Aparo (BSWA) oil fields are two such potential opportunities. Bonga North is a proposed tie-back project to the existing Bonga FPSO with Phase 1 comprising 14 wells. BSWA is a development of a new FPSO with Phase 1 comprising 23 wells. SUPPORTING RENEWABLE ENERGY STARTUPS Millions of Nigerians are excluded from the country’s power grid and Shell Companies in Nigeria have established and provided substantial funding for a not-for-profit, impact-investing company called All On. Operating as an independent company, All On works to bring reliable electricity – often from renewable energy sources -- to off-grid urban and rural customers. This support aims to build a solid pipeline of viable businesses that can create the scale required to address Nigeria’s access to energy gap. In December 2019, SPDC and SNEPCo made a significant additional 10-year financing commitment of $160 million in All On, bringing the total commitment to $200 million. By the end of 2021, All On had provided investment capital to over 40 renewable energy start-ups in its portfolio – an increase of more than 30% from 2020. One such company is Infibranches Technologies Limited, to which All On has committed $2 million, which is expected to enable the indigenous technology company to expand sales of solar home systems via its more than 13,000 agent banking partners across Nigeria. With the support of the Rockefeller Foundation, the All On Hub was established in 2020 to provide nonfinancial support and build the capabilities of off-grid energy entrepreneurs. In 2021, the hub supported 81 ventures – nearly double the 41 supported in 2020. Also in 2021, All On, Odyssey Energy Solutions and the Global Energy Alliance for People and Planet launched a $10 million equipment financing facility as part of the DART pilot programme in Nigeria. 7 Hydraulic flying leads support the delivery of hydraulic fluid and/or chemicals between subsea equipment. 8 Subsea trees are an assembly of valves and other components used to monitor and control the production of a subsea well. DART will combine demand pooling, aggregated purchasing of solar equipment, and access to affordable finance to unlock economies of scale for solar companies, achieve cost savings for end-users, and accelerate the growth of the renewable energy sector in Nigeria and beyond. DEVELOPING LOCAL CONTENT AND SKILLS Shell Companies in Nigeria contribute to the growth of Nigerian businesses that can provide technical and support services to the industry. This includes the manufacture of tools and technical kits, the operation of helicopter flights in the Niger Delta, and strategic partnerships between foreign and local companies to stimulate technology transfer and capacity development. While there are government-required programmes in some areas, such as the Nigerian and Community Content Strategy embedded in the Assa North/Ohaji South gas development project, Shell Companies in Nigeria deliberately seek to contract local businesses wherever possible. In 2021, Shell Companies in Nigeria awarded $800 million worth of contracts to Nigerian-registered companies. Of these, 92% were companies with at least 51% Nigerian ownership. SNEPCo has awarded major engineering and construction contracts to companies that are indigenous, have local staff, or possess domestic capabilities in the country. At present, the manufacture and rebuild of hydraulic flying leads7 (HFLs) is being carried out in-country by wholly indigenous companies. Pressure Controls Systems Nigeria Limited, another Nigerian company, continues to refurbish old subsea trees.8 Sometimes, a lack of access to capital hinders Nigerian companies from competing for and executing contracts effectively. Shell Companies in Nigeria have provided access to nearly $1.6 billion in loans to 901 Nigerian vendors under the Shell Contractor Support Fund since 2012. These loans help improve their tendering opportunities.

He also went on to say that SAHCO which is a Public Liability Company keeps raising the bar in the Aviation Ground Handling industry by building and maintaining a fleet of ultra-modern ground handling equipment that is fitted with the latest technology innovations. SAHCO is also proud to consist of well-trained customer-centric staff with a presence in all the commercially operated airports of Nigeria and ultra-modern warehouses with massive cold rooms and freezers.

It is worthy of note that SAHCO was also recently awarded Aviacargo Investment Company of the year (Warehouse) by Aviacargo journal in partnership with ATQNews by virtue of SAHCO’s ultra-modern quality warehouse which is one of the best in West Africa as regularly attested to by our clients.

Also, Basil reiterated that SAHCO is involved in Passenger Handling services, Ramp Handling services, Cargo Handling Services, Warehousing, Aviation Security services, VIP lounge services, and other Aviation related services by delivering quality services that are aimed at exceeding customers’ expectations at all times.

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SAHCO Plc, Dr. Taiwo Afolabi Wins ATQ Awards

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SAHCO Plc, Dr. Taiwo Afolabi Wins ATQ Awards

…As SAHCO receives praise for building and maintaining the biggest and the best cargo warehouse in Nigeria

Olushola Okunlade Writes

Skyway Aviation Handling Company PLC (SAHCO) has won Aviation Cargo Investment Award (Warehouse).

This award was presented to SAHCO by African Travel Quarterly (ATQ) Magazine in recognition of SAHCO’s contribution to the growth of the Aviacargo industry in Nigeria through the construction of the biggest ultra-modern Custom bonded cargo warehouse thereby facilitating Cargo Business in the country.

In addition, Dr. Taiwo Afolabi, the Chairman of SAHCO and SIFAX Group was also awarded Aviacargo Personality of the year during the event. This award is in recognition of Dr. Taiwo Afolabi’s investment in Ports, Hospitality, Aviation, and Maritime in Nigeria and his exemplary leadership qualities.

SAHCO Plc, Dr. Taiwo Afolabi Wins ATQ Awards
Left-Right: CHINET22 Aviation and Cargo Conference, Organizer, Ikechi Uko; Group Captain John Ojikutu (Rtd); Skyway Aviation Handling Company PLC (SAHCO), Managing Director/ CEO, Basil Agboarumi at the event.

Dr. Taiwo Afolabi, who was represented by the Managing Director/ CEO of SAHCO said he is quite humbled by the award and he emphasized that he will continue to contribute his quota through the SIFAX Group to ensure that SIFAX Group continues to raise the bar where excellence is expected.

Speaking during the award presentation at the CHINET22 Aviation and Cargo Conference in Lagos Marriott Hotel, Ikeja GRA, Publisher/Organiser of the event, Ikechi Uko praised SAHCO for building and maintaining the biggest and the best cargo warehouse in Nigeria thereby promoting both import and export through the facility while rendering topnotch Ground Handling services in accordance to international standards.

While accepting the awards, the Managing Director/CEO, Basil Agboarumi said SAHCO is consistently committed to delivering quality services even in the face of challenges, he thanked the event Organizer and Management of ATQ Quarterly for recognizing SAHCO and the Chairman’s significant investments and contributions to the Nigerian economy. He promised that SAHCO will continue to invest in modern facilities to ensure speedy, safe, and efficient services to provide quality Ground Handling Services consistently to clients across all the commercial airports in Nigeria.

He went on to emphasize that SAHCO is the only Ground Handling Company in Nigeria that owns Cool Dollies which are used to convey temperature-sensitive shipment from the aircraft to the Cold Rooms or Freezers in the Warehouse, where the Cold Rooms and Freezers are equipped with Data Loggers that are used to ensure that there is no drop in temperature to avoid denaturing of the contents.

Similarly, SAHCO has invested immensely in electrically powered equipment to prevent Carbon Oxide emissions to the atmosphere, these new fleets are also fitted with proximity sensors which slow down and eventually shuts down the engine of the equipment as they approach the aircraft at a certain distance to ensure that no aircraft is damaged while being serviced.

SAHCO is a Publicly Listed Aviation Ground Handling Service provider that is present in all the commercially operated Airports in Nigeria and is involved in activities that include Passenger Handling, Ramp Handling, Cargo Handling and Warehousing, Aviation Security, VIP Lounge services amongst other aviation-related services.

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