Med-View Airline

Med-View Airline has denied all the claims widely reported in a national daily last week that suggested it suspended its operations and withdrew all its planes for maintenance checks. 

In a notification sent by the Management of Med-View to the Nigerian Stock Exchange, the airline said it never made mention of such occurrence to the Nigerian Civil Aviation Authority (NCAA) or the press. It brandished the information as false and misleading. 

[READ MOREMed-View increases fleet to compete with Air Peace but there’s a problem] 

That statement read: “The Management of Med-View Airline Plc wishes to inform its shareholders, stakeholders and the general public that the sensationalized headline of BusinessDay Newspaper of August 23, 2019 that Med-View has suspended its operation because all her planes are on maintenance is misleading and tantamount to demarketing. 

Faulty Airlines: The Airline, however, admitted that one of its aircraft, a Boeing 737-500 (5N-BQM) aircraft developed a technical fault on a trip en route Abuja. The airline stated that repairs had begun on the faulty carrier to make it readily available for operation the following week. 

It also stated that two of its Boeing aircraft (5N- MAB and 5N-MAA) plying the domestic route also underwent C-Checks at approved repair, maintenance and overhaul centres and is 85% flight-ready. 

Med-View Airline

[ALSO READList of Dividends announced so far in 2019 (August 2019)] 

The airline reiterated its dedication to providing quality customer service in its 12 years of existence as well as its knack for safety consciousness while promising a solution to its rift between the airline and the presidency. 

Deal book 300 x 250
Deal book 300 x 250

In the last 12 years of operation as Hajj carrier and domestic operator, Med-View Airline is profoundly known and widely recognized for its safety consciousness which cannot be compromised. Our airline is ever committed to its corporate value, which is the ability to succeed in providing the desired services for customers’ satisfaction and return on investment to shareholders. Meanwhile, the on-going rift between our airline and NAHCON is being handled by the Presidency.”  

In 2017, Med-View posted revenues of about N36.9 billion and profit after tax of about N1.2 billion. It was its the best performance in over 5 years. Rather than sustain this performance, things went South with revenues tumbling down by over 74% to N9.5 billion in 2018. This was contained in a Nairametrics report. 

Bottom line: With a history of financial problems and continuous Aircraft maintenance talks and currently, the rift with the Presidency, isn’t the possibility of shutdown predicted by the National Daily just a matter of time? 

[READ MOREIf you have N1m today, how would you invest it]


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.