Nigeria's Medview Airline, one of Nigeria's flag carriers will be "Listed by Introduction" on the Nigerian Stock Exchange (NSE) on Tuesday, making the airline first to list its shares on the local bourse in a decade.
The airline also appointed Kedari Capital Limited and Trustyields Securities Limited as financial advisers/issuing house and stockbrokers to it in respect of the Listing exercise.
Med-View Airline, it was gathered, would be listing 9.75 billion ordinary shares of 50 kobo each at N1.50 per share, indicating a start-off market capitalisation of N14.63 billion.
Executive Director, Business Development, Med-View Airline, Isiaq Na' Allah in a statement on Sunday announced the airline's foray into the local bourse.
According to him, "The growth projection and market forecast informed Medview Airline decision to be listed on the Nigerian Stock Exchange to give members of the public the opportunity to be part of the airline through share holding.
He said the listing will enable the airline expand its routes network and acquire more aircraft to boost operations.
Medview Airline started 12 years ago as a cargo, tour and charter operator before venturing into Hajj operations, airlifting over 300,000 pilgrims since inception.
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 assembled a team of hard core and tested professionals and went into scheduled operations in 2012 starting with domestic routes where it has airlifted over 2 million passengers on its destinations including Lagos, Abuja, Port Harcourt, Kaduna, Yola, Enugu, Owerri and Maiduguri.
Na'Allah stated that the airline has recorded a steady growth of 20 per cent in turnover which gave it the confidence to go international, and now operates flights to London, Jeddah, Accra, Monrovia and Freetown.
He added that 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.
The statement added, "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)".
The airline has airlifted over 200,000 passengers on the international routes and operates 46 million tonnes of cargo annually since 2009.
Meanwhile Med-View Airline stole the show on Saturday night at the 2016 Nigeria Aviation (NIGAV) awards night, emerging the airline of the year and clinching two other awards.
The managing director of the airline, Muneer Bankole won the coveted award of airline CEO of the year while a pilot of the airline, Capt. Usman Saleh Yahaya emerged as the Pilot of the Year.
NIGAV is an annual award used to recognize excellence in all spheres of the aviation industry. Several categories of the awards were clinched by individuals and aviation agencies.
Managing Director of the Federal Airports Authority of Nigeria (FAAN), Engr. Saleh Dunoma won the Aviation Personality of the Year while the cabin crew of the year award went to Dana Air.
Accountable Manager of Med-View Airline, Engr. Lookman Animasahun dedicated the awards to their customers, assuring that the airline would not relent in its services which bother on on-time departure, safety and good customer service.
He said, "When you are at the top, you have to strive hard to be at the top. And that's the time you need to work hard to be able to maintain whatever you have achieved. It is not easy getting to the top but sustaining that position would be an herculean task and we are prepared to be in that position this year.
"The most important thing that we are known for - on time departure, good customer service care and safety- we are known for those things.
(c) Saudi Press Agency
Med-View Airline, it was gathered, would be listing 9.75 billion ordinary shares of 50 kobo each at N1.50 per share, indicating a start-off market capitalisation of N14.63 billion.
Executive Director, Business Development, Med-View Airline, Isiaq Na' Allah in a statement on Sunday announced the airline's foray into the local bourse.
According to him, "The growth projection and market forecast informed Medview Airline decision to be listed on the Nigerian Stock Exchange to give members of the public the opportunity to be part of the airline through share holding.
He said the listing will enable the airline expand its routes network and acquire more aircraft to boost operations.
Medview Airline started 12 years ago as a cargo, tour and charter operator before venturing into Hajj operations, airlifting over 300,000 pilgrims since inception.
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 assembled a team of hard core and tested professionals and went into scheduled operations in 2012 starting with domestic routes where it has airlifted over 2 million passengers on its destinations including Lagos, Abuja, Port Harcourt, Kaduna, Yola, Enugu, Owerri and Maiduguri.
Na'Allah stated that the airline has recorded a steady growth of 20 per cent in turnover which gave it the confidence to go international, and now operates flights to London, Jeddah, Accra, Monrovia and Freetown.
He added that 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.
The statement added, "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)".
The airline has airlifted over 200,000 passengers on the international routes and operates 46 million tonnes of cargo annually since 2009.
Meanwhile Med-View Airline stole the show on Saturday night at the 2016 Nigeria Aviation (NIGAV) awards night, emerging the airline of the year and clinching two other awards.
The managing director of the airline, Muneer Bankole won the coveted award of airline CEO of the year while a pilot of the airline, Capt. Usman Saleh Yahaya emerged as the Pilot of the Year.
NIGAV is an annual award used to recognize excellence in all spheres of the aviation industry. Several categories of the awards were clinched by individuals and aviation agencies.
Managing Director of the Federal Airports Authority of Nigeria (FAAN), Engr. Saleh Dunoma won the Aviation Personality of the Year while the cabin crew of the year award went to Dana Air.
Accountable Manager of Med-View Airline, Engr. Lookman Animasahun dedicated the awards to their customers, assuring that the airline would not relent in its services which bother on on-time departure, safety and good customer service.
He said, "When you are at the top, you have to strive hard to be at the top. And that's the time you need to work hard to be able to maintain whatever you have achieved. It is not easy getting to the top but sustaining that position would be an herculean task and we are prepared to be in that position this year.
"The most important thing that we are known for - on time departure, good customer service care and safety- we are known for those things.
(c) Saudi Press Agency
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