Medview To List On Nigerian Stock Exchange

One of Nigeria’s suc
cessful domestic operators, Medview Airline is planning to list its shares on the Nigerian Stock Exchange (NSE).
Chief Executive Officer (CEO) of Medview Airline, Alhaji Muneer Bankole, disclosed this at a briefing to mark the two years anniversary of the airline in Lagos.
Although details of the planned listing was sketchy, if Medview is eventually listed, it will be the third airline to access the capital market.
Defunct Aviation Development Company Plc and Albakar Air Plc once got listed on the NSE but were delisted due to poor performance that resulted  from the challenging operating environment.
However, market experts said the case of Medview might be different considering the successful way the business has been run in the last two years and the efforts of the current management of the NSE to assist listed companies to perform better.
Mr Bankole said the airline, which has flown over 250,000 Muslim pilgrims to Saudi Arabia since 2007, decided to go to list on the NSE to make it the people’s airline.
According to him, the airline has started discussions with some foreign carriers in the Middle East on how to secure code share and other operational agreements ahead of its planned flight operations into Dubai and Jeddah, two out of the four international destinations it has been designated to by the federal government.
Medview CEO, said it had provided scheduled commercial service in the domestic operations and has airlifted over 756,437 passengers.
He also disclosed plans to extend flights into Kano, Owerri, Calabar and Uyo as it increase its fleet size from four aircraft to six.
He endorsed the merger and consolidation of airlines proposed by industry experts, stating that it would enhance capacity and reduce operating cost if airlines put their resources together for optimal services.
Bankole is one of the few airline operators that have expressed support for the establishment of national carriers by the federal government, said a national carrier would boost national pride and enable Nigeria recoup the billions of naira carted away annually by foreign carriers which do not add value to the gross domestic product.