Medview Airline seeks growth as shares goes public
Medview Airline will be listed on the Nigerian Stock Exchange (NSE) by tomorrow, January 31, 2017 being the first airline to list its shares on the local bourse in the last decade.
The listing is coming barely 24 years after the now moribund ADC Airlines was listed on the Nigerian Stock Exchange in 1994.
In a statement, The Executive Director, Business Development, Medview Airline, Alhaji Isaq Na-Allah, said that the growth projection and market forecast informed the airline’s 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.
Na-Allah further revealed that Kedari Capital Limited and Trustyields Securities Limited are the Financial Advisers/issuing House and Stockbrokers to Medview Airline in respect of the listing exercise.
According to him, the listing will enable the airline to embark on the expansion of its routes network and acquisition of more aircrafts to boost its operations both within and outside the shores of the country.
The Executive Director explained that Medview Airline is going to the NSE because it has already secured all the 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 the 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” Na-Allah noted.
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