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Home Business News

NAHCO retrieves Ethiopian Airlines handling deal

NM Partners by NM Partners
March 4, 2020
in Business News, Corporate Updates
NAHCO
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The Nigerian Aviation Handling Company Plc (NAHCO) has taken back the ground handling operations of Ethiopian Airlines Cargo and Mail Services, which was formerly handled by Skyway Aviation Handling Company Limited (SAHCOL).

The development is based on the provisions of the Standard Ground Agreement Service (SGHA) signed on 1st October 2018 between NAHCO PLC and Ethiopian Airlines.

Head, Legal Services, NAHCO Plc, Mr Tayo Ogunbanjo, in a statement issued by the company and seen by Nairametrics disclosed on Wednesday.

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According to him, the current SGHA between NAHCO and Ethiopian Airlines is for three (3) years effective from 1st October 2018 covering amongst others ground handling services, handling of cargo and mail generally.

He said, “Ethiopian Airlines should ideally not have two contracts running on the same cargo handling business. Since we have an existing and bidding contract, we are simply exercising our right as stipulated in that contract.”

READ ALSO: Citigroup reacts to Citron’s fraud allegations against Jumia, as shares price drops 50%

Also commenting, the Group Executive Director, Commercial and Business Development, NAHCO PLC, Prince Saheed Lasisi, said, “under Section 5 and as stated in Clauses 1.10 and 1.11 of our current contract, NAHCO is entitled to charge Export Terminal Charges to the Exporter and Import Terminal Charges to the Agent or Consignee.”

According to him, consultations were made and clarifications sought before we embarked on this takeover, carrying along with all concerned parties.

Giving reasons why this is happening now, Ogunbanjo, said: “on assumption of office recently, I came across this oversight while going through the company’s obligations and contracts.

“As a law-abiding and corporately responsible entity, we choose to deal on the right side of existing and extant laws and contracts.”


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Tags: Business news in NigeriaNAHCONahco AvianceNigerian Aviation Handling Company Plc. (NAHCO)Nigerian Business NewsSAHCOL
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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