Med-View Airline expands, raises capital

Posted by News Express | 18 February 2017 | 2,262 times

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Med View plane

Med-View Airline would expand its operations to three of the French speaking countries of West Africa in April, its CEO Alhaji Muneer Bankole, the Managing Director said today.

Bankole, speaking with journalists in Lagos, said that the airline would expand its operations to Dakar Senegal, Guinea (Conakry) and Abidjan in Ivory Coast.

He added that the company would be floating an Initial Public Offering (IPO) in the next three months to give investors the opportunity to buy into the airline to make it raise additional funds.

The News Agency of Nigeria (NAN) reports that the company listed a total of 9.75 billion shares of 50k at N1.50 per share each on the Nigerian Stock Exchange (NSE).

“We are in the market not to do anything extraordinary, but to let Nigerians know that there is something to grow together.

“This is a private entity that started from zero level. The durable, profitable and safest business you can do is transport.” Bankole said.

He said the airline would connect all the West African countries before expanding to Europe and America.

According to him, the airline will also commence Lagos-Dubai route in April, which he said had been in the pipeline for over two years.

Also, the airliner will commence its international flights to Baltimore and Washington DC in United Sates soon.

“We are increasing our financial capacity in the area of growth. We are discussing with partners to acquire more aircraft that we will bring back home to increase our capacity.

“Before now, we have to go to Benin Republic to travel to USA. You can see the sufferings, before the end of the year, we will start transporting passengers to the U.S.,” he stated.

Bankole promised that the company would improve its performance on domestic and regional routes as well as stablilise its international operations.

He added that the company would enhance its services to passengers going to either Saudi Arabia or Jerusalem. (NAN)


Source: News Express

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