Nigerian Ground Services Company NAHCO Renews Contracts with THY, Emirates, and Virgin Atlantic

Forex - Nigeria's leading ground handling company, NAHCO Aviance, has renewed its contracts with Turkish Airlines (IS:THYAO) (THY), Emirates, and Virgin Atlantic, highlighting its goal of achieving a revenue target of 300 billion naira by 2029. The extension of these contracts, announced in a presentation published on the Nigerian Stock Exchange, aligns with NAHCO’s strategic growth plan to maintain its leadership position in the ground handling sector across West Africa.

Emirates, which resumed scheduled flights to Nigeria in October, extended its ground handling agreement with NAHCO for an additional five years. Virgin Atlantic, known for its strong partnership with the company, also reaffirmed its commitment. Similarly, Turkish Airlines, which has relied on NAHCO for ground handling services for years, renewed its contract, reinforcing the relationship between the two organizations.