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Olu Owolabi, Managing Director SAHCOL

SAHCOL shifts planned business diversification

ANTHONY OMOH
 Skypower Aviation Handling Company (SAHCOL) has said that the company is not yet into its planned diversification for business, stating that it was planning to improve its footing on its core business before commencing diversification.
This is just as he stated that SAHCOL presently handles 40 % of the international market and 90 % of the domestic market with the company positioning to improve on the current
Speaking yesterday at the Skypower training School in Ikeja, Managing director of the company, Mr. Olu Owolabi said that the company still had plans to diversify but pointed out that the handling company is now part of a bigger group, SIFAX, and already is diversified in many areas.

 The SAHCOL boss said,” It is important to have a solid footing on our core operations before we move into any form of diversification. We want to get it right in the domestic And international market and with our clientele before we diversify and even think of going to other countries including Ghana, Ivory Coast and Sierra Leone that have even asked us to come and see what we can do there.”
 On its operation with regards to revenue generation in the past year,  he said that the company had had some up and downs as with many others in 2012 with all the challenges that came with the year.
He said that the year came with challenges that made revenue drop including the Dana Air crash and the halting of operations of Air Nigeria stating that these affected the revenue base of the company in 2012
 He also Said that there was the problem of FAAN and agents at the airports as well as the occupy Nigeria in January of that year.
He was however quick to note that the company had four other new2 clients under its coffers including Etihad which is a big client.

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I am a Journalist with a passion for developmental stories and nigerianflightdeck.com was born out of passion for reporting the travel, business and aviation sub-sector. This site is an expression of my ideals and creativity as a reporter and my discretion as a publisher. I am extremely content doing this and I am sure when you read my stories you'd understand that I touch people and that's why

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