Aviation
SAHCO Records 82% Profit Growth Amid Aviation Challenges
SAHCO MD – Mrs. Adenike Aboderin at a briefing with journalists in her office at MMIA Ikeja Lagos on Friday
Despite mounting economic pressures, Skypower Aviation Handling Company (SAHCO) has posted significant financial growth, with revenue rising 57% year-on-year to $31.7 billion and profit before tax up 82% to $10 billion.
Addressing journalists on Friday, SAHCO Managing Director, Mrs. Adenike Aboderin, attributed the financial resilience to strategic investments in operational efficiency, technology, and infrastructure, alongside strong partnerships with airlines and stakeholders.
She highlighted that gross profits rose to $18 billion from $12 billion, while total assets grew by 31% to $57.1 billion. Operational efficiency initiatives, including the introduction of e-billing, resource allocation software, and digital monitoring of budgets, contributed to a 27% year-on-year cost saving.
The MD also revealed plans for further expansion, including cold chain facilities, e-commerce logistics, and helicopter services to oil and gas clients, reinforcing SAHCO’s position as a full-service aviation handling company.

“Our focus on people, processes, and best practices is paying off. We are committed to training our workforce, embracing technology, and improving service excellence across all 22 airports we serve,” Aboderin said.
Airlines
Air Peace Boosts Fleet Capacity
Air Peace newly acquired Boeing 737-800 Next Generation aircraft
Air Peace has strengthened its operational capacity with the arrival of a newly acquired Boeing 737-800 Next Generation aircraft aimed at supporting rising passenger demand across its network.
The aircraft, bearing registration number 5N-CGD, landed in Lagos on May 24 and immediately joined the airline’s expanding fleet as part of ongoing modernization and growth plans.
The Boeing 737-800 NG features 189 Economy Class seats and is expected to provide greater scheduling flexibility and improved connectivity on both domestic and regional routes.
According to the airline, the aircraft combines passenger comfort with operational efficiency through advanced technology, modern safety systems and fuel-saving engines.
Aviation analysts described the latest acquisition as another significant step in the continued expansion of Air Peace’s operations across Africa and beyond.
The development is also expected to increase seat capacity on major routes while enhancing schedule reliability for passengers.
The airline said the aircraft’s fuel-efficient performance supports its sustainability objectives by helping reduce operational costs and carbon emissions.
Air Peace currently operates a mixed fleet of Boeing 777s, Boeing 737s, Embraer aircraft, Dornier jets and Airbus helicopters across domestic, regional and international destinations.
Industry observers noted that the continued fleet expansion reflects growing confidence in the Nigerian aviation market and Air Peace’s ambition to position Nigeria as a leading aviation gateway in Africa.

The airline reaffirmed its commitment to maintaining high standards of safety, service delivery and operational excellence while expanding travel opportunities for passengers across the continent.
Airlines
Air Peace Launches Barbados Flights
Cabin crew and pilots of Air Peace pose beside the airline’s Boeing 777 aircraft during the inaugural direct Lagos-Barbados commercial flight, marking a new milestone in Africa-Caribbean air connectivity.
West and Central Africa’s largest carrier, Air Peace, has successfully launched direct scheduled commercial flights between Lagos and Barbados, opening a new air corridor aimed at strengthening connectivity between Africa and the Caribbean.
The inaugural flight, operated with the airline’s Boeing 777 aircraft on May 24, departed Lagos with over 284 passengers on board, highlighting growing travel demand between both regions.
Among dignitaries on the historic flight were the Chief Commercial Officer of Air Peace, Mr. Nowel Ngala; Barbados High Commissioner to Nigeria, Ghana and Liberia, Juliette Bynoe-Sutherland; renowned Nigerian actress, Temitope Olowoniyan; alongside other airline officials and passengers.
The airline said the direct service was introduced to eliminate long-standing travel difficulties experienced by passengers moving between Africa and the Caribbean, including multiple stopovers, extended transit periods and complicated visa processes associated with connecting through foreign destinations.
Industry stakeholders described the launch as a major breakthrough in regional and international connectivity, noting that the route would provide easier travel access for tourists, business travellers, diaspora communities and participants in cultural exchange programmes.
The Barbados service is also expected to boost tourism, trade, investment and stronger people-to-people relations between West Africa and Caribbean nations.
Aviation analysts say the new route further strengthens Nigeria’s position as a growing aviation hub within Africa while expanding Air Peace’s international route network into underserved markets.
The airline added that the first commercial return flight from Barbados to Lagos was scheduled for May 25, with subsequent operations planned twice monthly as part of efforts to establish a sustainable air bridge between both regions.

The development marks another milestone in Air Peace’s expanding global operations and its strategy of opening new international routes that improve connectivity and deliver practical travel solutions for passengers.
The Nigeria Civil Aviation Authority has suspended its planned enforcement of the “No Pay, No Service” directive against domestic airlines over outstanding statutory remittances following extensive consultations with stakeholders and concerns over rising aviation fuel costs.
The regulatory authority said the temporary suspension was aimed at maintaining operational stability within the aviation sector while discussions continue on how airlines can settle outstanding obligations without disrupting operations.
In a statement, the NCAA clarified that the suspension did not amount to a waiver or cancellation of debts owed by airlines, stressing that all operators remained responsible for settling outstanding statutory charges.
The authority noted that President Bola Ahmed Tinubu had already approved a 30 per cent concession on outstanding aviation charges owed by domestic carriers as part of government efforts to cushion the impact of high Jet A1 fuel prices on the sector.
According to the NCAA, the five per cent Ticket and Cargo Sales Charge remains a statutory levy established under the Civil Aviation Act and collected by airlines on behalf of the aviation ecosystem.
The agency explained that the remittances are critical for sustaining regulatory oversight and aviation safety operations, noting that the NCAA operates on a cost-recovery basis without direct Federal Government funding for daily activities.
Reacting to the development, the Airline Operators of Nigeria welcomed ongoing engagements with government but maintained that domestic airlines were not indebted to the NCAA for regulatory services rendered.
The umbrella body for domestic carriers stated that all regulatory services provided by the NCAA were paid for in advance before delivery, including aircraft inspections, licence validations and documentation renewals.
According to the association, the disputed issue relates specifically to the five per cent Ticket Sales Charge, which it described as a statutory tax imposed on passengers rather than payment for regulatory services.
The AON further disclosed that several airlines had previously maintained dedicated accounts through which monthly remittances were processed until recent financial pressures caused by the global increase in aviation fuel costs and the Iran-Israel-USA conflict.
The association called on the Federal Government to amend the Civil Aviation Act to allow the NCAA collect statutory charges directly from passengers rather than through airlines acting as collection agents.
It argued that domestic operators currently bear additional banking and transaction costs associated with remitting the charges.

Despite the disagreement over the charges, both the NCAA and airline operators reaffirmed their commitment to continued dialogue aimed at preserving stability, safety and growth within Nigeria’s aviation industry.
-
Aviation8 months agoGateway International Airport Takes Off as Ogun Joins Nigeria’s Air Map
-
Aviation8 months agoNigeria, UAE Firm Sign Landmark Cargo Information Deal
-
Airlines8 months ago₦100m Land Deal: Air Peace Backs Onyema’s Claim on Anambra Airport
-
Airlines8 months agoHigh Airfares, Hot Hotels: Nigeria’s Travel Paradox
-
Airlines8 months agoUK Partnership Opens Heathrow, Gatwick Gates for Air Peace – Onyema
-
AIRPORTS8 months agoMMA2 Named Nigeria’s Best Cargo Airport, Jibodu Honored
-
Airlines8 months agoAborted Take-off: Air Peace Assures Passengers of Safety on Abuja–Asaba Flight
-
Aviation8 months agoNCAA Hosts Sixth CODEVMET-AFI Steering Committee Meeting in Abuja
