Medview Airline to list on NSE Tuesday

Muneer Bankole, MD, Medview Airline

Muneer Bankole, MD, Medview Airline

By Sade Williams

Nigeria’s fastest growing airline, Medview airline will be “Listed by Introduction” on the Nigerian Stock Exchange (NSE) on January 31, 2017, the first airline to list its shares on the local bourse in the last decade.

 

The Airline says the growth projection and market forecast informed its decision to be listed on the Nigerian Stock Exchange to give members of the public the opportunity to be part of the airline through shareholding.

 

According to Isiaq Na-Allah, Executive Director, Business Development for the airline,  Kedari Capital Limited and Trustyields Securities Limited are the financial Advisers/issuing House and Stockbrokers to Medview Airline in respect of the Listing exercise

 

Medview Airline, simply christianed: The Airline of Nigeria, started from a humble beginning 12 years ago as a cargo, tour and charter operator.

 

Not contented with tickets and destination sales, the airline ventured into Hajj operations.

 

The airline’s forays into pilgrims airlift has revolutionized pilgrims handling and airlift in Nigeria and the West African sub-region.  Today, Medview is the benchmark and the airline of choice when it comes to Hajj operations in Nigeria.

 

It is ranked number one by the National Hajj Commission of Nigeria (NAHCON) for hitch-free Hajj operations.

 

Buoyed by the success of Medview Travel and Tours, Hajj operations, charter flights, the airline upped the ante by assembling a team of hard core and tested professionals and went into scheduled operations in 2012 starting with domestic routes.

Med-View-AirlineJust within 4

years, the airline has become a household name in the aviation industry.

 

Within this short period, the airline has eight destinations – Lagos, Abuja, Port Harcourt, Kaduna, Yola, Enugu,Owerri  and Maiduguri on its domestic network, and had flown over 2 Million passengers.

 

To its credit, Medview Airline has recorded a steady growth of 20 per cent in turnover. This gave it the confidence to go international, and now operates flights to London, Jeddah, Accra, Monrovia and Freetown.

 

The airline has secured all necessary approvals to link all the countries in the Economic Community of West African States (ECOWAS) in the next few months.

 

Also on the front burner is expansion on the international routes to United States via Baltimore, United Arab Emirates via Dubai with connections to Europe and the Far East through a code share airline partner.

 

In recognition that aviation is global, the airline is in partnership with notable brands including Boeing Commercial Airplane Group, Hahn Air, Air Atlanta, Saudia Cargo, Ethiopian Airlines, Euro Atlantics, Amadeus, etc.

 

The Airline holds the necessary certification as a full-fledged carrier including Air Transport Licence (ATL), Air Operators Certificate (AOC), Air Carrier Permit (ACP) and the International Organisation Safety Assessment (IOSA) issued by the International Airlines Transport Association (IATA).

 

According to the Airline, the Listing will enable it expand its routes network and acquisition of more aircraft to boost operations

 

Summary of passengers’ statistics according to Na Allah is presented here:

Domestic Routes: 2 million + Passengers

International Routes: 200,000 +

Hajj Pilgrims: 300,000 since 2007

Cargo: 46 million tonnes annually since 2009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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