Medview Airline goes public on the Nigeria Stock Exchange

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Medview Airline, one of Nigeria’s fastest growing flag carriers will be “Listed by Introduction” on the Nigerian Stock Exchange (NSE) on January 31, 2017, the first airline to list its shares on the local bourse in the last decade.
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.
Kedari Capital Limited and Trustyields Securities Limited are the financial Advisers/issuing House and Stockbrokers to Medview Airline  in respect of the Listing exercise
Medview Airline (Christened:” The Airline of Nigeria”, 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.
 
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.
 
Just within 4 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.
 
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).
According to the Airline, the Listing will enable it expand its routes network and acquisition of more aircraft to boost operations
 
Summary of passengers’ statistics:
Domestic Routes: 2 million + Passengers
International Routes: 200,000 +
Hajj Pilgrims: 300,000 since 2007
Cargo: 46 million tonnes annually since 2009
 

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