Medview airline to list on NSE

Medview Airline said it will be “List its share on the floor of the Nigerian Stock Exchange by Introduction” January 31, 2017. It will be the first airline to list its shares on the “local bourse” in the last decade.
This fact was disclosed by Mr Isiaq Na-Allah, Executive Director, Business Development, Medview Airline. He said “ the growth projection and market forecast informed Medview Airline decision to list on the Nigerian Stock Exchange to give members of the public the opportunity to be part of the airline through share holding.”

According to Na-Allah, Kedari Capital Limited and Trustyields Securities Limited are the financial Advisers/issuing House and Stockbrokers to the airline in respect of the Listing exercise.

He further said Medview Airline 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”.

The airline went into scheduled operations in 2012 starting with domestic routes and within 4 years, 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.

“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.