The company was incorporated as a Private Limited Liability company on 6th December, 1979. The status of the company was changed to PLC on 4th August, 2005. The Federal Government throught the Federal Airports Authority of Nigeria (FAAN) sold 60% of its shareholding to Nigerian citizens under the Governments Privatization Programme. The company was listed in the Nigerian Stock Exchange from 27th November, 2006. The principal activities of the company are the provision of aircraft, passenger and cargo handling services and other related services.