Medview Airline goes public tomorrow
Medview Airline, one of Nigeria’s fastest growing carriers, will be “listed by introduction” on the Nigerian Stock Exchange (NSE) tomorrow.
With the listing, the airline will be the first to list its shares on the local bourse in the last decade.
Executive Director, Business Development of Medview Airline, Isiaq Na-Allah, who made this known in an official statement at the weekend, said Medview Airline’s growth projection and market forecast informed the decision to list on the NSE to give members of the public the opportunity to be part of the airline through shareholding.
According to Na-Allah, Kedari Capital Limited and Trustyields Securities Limited are the financial Advisers/issuing House and Stockbrokers to Medview Airline in respect of the Listing exercise
He pointed out that the Medview Airline started from a humble beginning 12 years ago as a cargo, tour and charter operator, but being that it is not contented with tickets and destination sales, the airline ventured into Hajj operations.
“The airline’s foray 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 for hitch-free Hajj operations”, the Executive Director declared.
“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”, Na-Allah stated.
“Just in In four 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”, Na Allah added. .
The airline has also made expansions 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.
