SAHCOL opens to public, lists on stock market

Skyway Aviation Handling Company Limited (SAHCOL) will next month open to public investors as it enlists on the floor of the Nigerian Stock Exchange (NSE).The Guardian learnt that the listing was aimed at improving the financial status of the company, especially to enable it acquire more state-of-the-art ground handling equipment. It was yesterday gathered that the management and board of the company had met with the Bureau of Public Enterprise and Securities and Exchange Commission (SEC) to make public share offering on the company, which the Federal Government privatised in 2009. Before the privatisation, SAHCOL was a subsidiary of the defunct national carrier, Nigeria Airways. The company was acquired by SIFAX, as one of its conglomerates in 2009. If all goes according to plan, SAHCOL would be the second ground handling company in the country’s aviation industry to be on the floor of the stock exchange. The first was the Nigerian Aviation Handling Company (NAHCO) Plc, which was privatised over a decade ago. Read More: