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SAHCOL to spend $500m for Cargo Airline - THISDAY Live
01-23-2012, 01:18 AM
Post: #1
SAHCOL to spend $500m for Cargo Airline - THISDAY Live
SAHCOL to spend $500m for Cargo Airline - THISDAY Live

Lagos airport

By Martha Momoh

Skyway Aviation Handling Company (SAHCOL) had concluded plans to expand the company and to spend about $500 million to set up a cargo airline.


Speaking to journalists at the Presidential wing of the Murtala Muhammed Airport, Lagos, the outgoing managing director of the company, Isaac Orolugbagbe, disclosed this and stated that SAHCOL would continue to diversify its operations to realise its goals.


He also added that the company would continuously improve its services, provide what really meets the aspirations of its clientele and exceed their expectations. Besides, he said the company would be positioned to compete with its counterparts in other countries.


“We don’t want SAHCOL of Nigeria; we want a global SAHCOL. We want to take it to South Africa and Europe. We want to build a Nigerian conglomerate that everyone will be proud of,” Orolugbagbe declared.


He added that funding would not be a problem as SAHCOL would use its goodwill and reputation to finance the project. “SAHCOL is not looking for money; rather, money is looking for the company,” he stated.


Orolugbagbe also disclosed that the company had lost N80 million to the one-week nationwide strike embarked upon by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) that crippled economic activities across the country.


He said, “During the strike period, the company lost not less than N80 million, that I can assure you of.”


Orolugbagbe however stressed that despite the week-long strike, staff were still going to be paid even though they did not come to work during the strike, adding that rents as well as all the equipment used would still be paid for; meaning that the handling company would pay for services not used.


“The staff members are in their houses, they are not able to


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