By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Airline Services & Logistics Plc, (ASL) operating in the Aviation sector of the Nigerian Stock Exchange (NSE) Monday said it has diversified its business into Oil & Gas and provision of in-flight catering in Rwanda, East Africa.
According to the company in a notice to the Nigeria’s Exchange and made available to InvestAdvocate in Lagos Nigeria said AIRSERVICE has entered into a Joint Venture Agreement with 3rd parties to set up Special Purpose Vehicles (ASL Rwanda and ASL Oil & Gas Logistics Ltd) for the purpose.
Early July 2013, the management of ASL visited the stock exchange to present their ‘Facts behind the Figures’ and perform the ceremonial closing bell ringing for the day.
Richard Akerele, Chief Executive Officer (CEO) of the company had reported a five (5) percent increase in turnover for 2012 to post a N3.83 billion return.
Akerele had affirmed that ASL would diversify and expand its operations into the Oil and Gas sector, co-chain logistics, building of state of the art restaurant facilities at the Abuja, Kigali and Freetown international airports respectively.
