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Author: Eagletale
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Skyway Aviation to Be Enlisted on Stock Market

Eagletale

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[Image: CF632FA6-AE91-4CC9-A31D-91AAB6DDB093.jpeg]

A ground handling firm, Skyway Aviation Handling Company Ltd (SAHCOL), would soon be enlisted on the floor of the Nigerian Stock Exchange within the next few months.

SAHCOL Managing Director, Basil Agboarumi, made this known Sunday in Lagos.

“It will happen very soon. The management and board are ready to offer SAHCOL on the floor of the NSE.

“We are discussing with the Bureau of Public Enterprise and the Securities and Exchange Commission and other necessary authorities to make this happen,” Agboarumi said.

SAHCOL was once a subsidiary of the defunct national carrier, Nigeria Airways, before it was privatised by the Federal Government in 2009.

The company was acquired by SIFAX Group as one of its conglomerates and currently has Taiwo Afolabi as its Chairman, Board of Directors.

The BPE had directed that the company, which currently handles ground services for both local and international airlines, should be listed on NSE in line with the Public – Enterprises (Privatisation and Commercialisation) Act 1999.

If the enlistment is successful, SAHCOL would become the second ground handling company after the Nigerian Aviation Handling Company Plc to be listed on the floor of the stock exchange.

NAN