Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the company’s success and the profit realized in the 2022 fiscal year to its strategic relationship management with all of its clients and stakeholders.
Gupta stated that NAHCO increased its rate for its services in order to keep up with the rising costs of conducting business rather than to increase revenue.
Despite the aforementioned, the increase in tariffs resulted in a 41% increase in revenue and a 270% increase in profit after tax (PAT) in 2022.
Additionally, he noted that since the new tariffs went into effect, service pricing are now relatively competitive with those in the rest of Africa, adding that the commitment to safe operations, and adherence to SOPs (standard operating procedures) as spelled out in the Ground Handling Agents (GHA) and SLAs (Service Level Agreements) with client companies.
“The operating environment is quite safe and secure. The Federal Airports Authority of Nigeria (FAAN) and all the other airport authorities are committed to the security of the operating environment, ensuring adherence to safety procedures and enacting policies to cover all identified gaps.