Yemisi Izuora
Medview Airlines Plc, will pay 3kobo per every 50 kobo ordinary share to its shareholders with plans to improve on the figure at the next financial year.
The airline on January 31, 2017 enlisted in the Nigeria Stock Exchange (NSE) at 9,750,649,400 units of 50kobo each at N1.50kobo per share.
Chief Executive Officer of the Airline, Alhaji Muneer Bankole made this known at the 2016 Annual General meeting (AGM) of the airline.
During the AGM, six members of the Audit Committee of the airline consisting three Directors, Engineer Lookman Animashuan, Mr. Adedayo Olaniyan and Alhaji Bode Oyedele and three shareholders: senator Akin Oduseyi, Isiaka Adedeji and Olusola Owoleye were contested elected.
The Medview CEO gave a short-term forecast for the year stating that Medview will acquire three aircraft to strengthen its international operations.
According to him, the aircraft will include a Boeing 777-200 and a 737-800 to strengthen its entry into routes like Dubai.
Bankole further told the shareholders that Medview has acquired four aircraft, owned by the shareholders and not leased. This he said is part of the airline’s drive to secure its existence.
“We now have four aircraft owned 100 per cent by you, the shareholder. We got this because we are disciplined and are using the money invested wisely.”
He also explained that the airline has gone ahead to acquire landed property in choice areas in Ikeja and also plans to relocate its corporate headquarters as it will build a six storey building which has been approved by the state government.
He noted that Hajj operations has been a major earner for the airline and assured that with this coming Hajj, the airline will show itself once again as a leader in that area after 10 years of Hajj operations.
“on Hajj we are here to assure you that the consolidation of this airline is not in doubt. 10 years of consistent operations, this is why the hajj figures go up to over 300,000 and we assure you that this year’s hajj will be better.”
On assurances to thrive on the stock market despite airlines failures in the past, he explained that the airline will not go the way of other airlines that have come and gone in the past as it has an average of forty years’ experience on the running of the airline.
A shareholder, Mr. Boniface Okezie commended the airline for listing under harsh conditions of the market and still being able to pay dividends stating that it was signs that if it continued on the right track it would increase shareholders’ dividends when they met next.