Mr. Sule Bichi, managing director and chief executive officer, Red Star Express Plc, has said that his company is to float an aviation company to handle courier and logistics air transportation demands in Nigeria.
According to him, Red Star Express had been unbundled, with new subsidiaries coming on board
He said that this was an identified growth platform, which would propel the company into a major conglomerate and make it a leading logistic service provider in the country.
Founded by Sonny Allison, Eddy Olafeso and Patrick Nwosu, Red Star Express is the fastest growing courier company in Nigeria.
"We now have Red Star Logistics Limited, Red Star Support Services Limited and Red Star Freight Limited all as separate entities, but with an overall position to satisfy the needs of our esteemed customers and become a one-stop shop in logistics and supply-chain management. We will soon go into aviation to enable us serve you better," Bichi said.
While acknowledging the expensive nature of aviation business, he envisaged that the presence of the company on the Nigerian Stock Exchange would boost its capacity to raise more money to conclusively execute the project, while hoping for a turn-around situation for courier and logistics business in Nigeria.
He said that "We have remained competitive and profitable. We currently have 166 offices located in all the commercial centres of the country, and with over1,000 staff to assist in the implementation of our services"
The company appreciated the relevance of customer service and relationship management in day-to-day business activities, and pledged a stronger customer-supplier alignment, adding that it was also an avenue to create additional value to its partnership with the Nigerian market.
Red Star Express is a licensee of Federal Express - FedEx, the world’s largest air transportation company, with a vast network in over 220 countries, over 670 aircraft and about 140, 000 personnel on its payroll.
