Africa News Nigeria's Med-View Airline courting investors

Nigeria’s Med-View Airline courting investors

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Med-View Airline (VL, Kano) has confirmed it has had to lay off 60 members of staff as part of a restructuring exercise.

Earlier this month, reports in the Nigerian press had quoted internal company documents as stating that engineers, pilots, and cabin crew had been sacked despite not having been paid their wages for six months. Speculation has since risen about the state of Med-View’s finances given a dearth of available aircraft. At present, it operates one B737-400 and one B737-500 on scheduled flights between Maiduguri, Yola, Abuja, and Lagos. Another B737-400 and a B767-300(ER) are still out of service undergoing heavy maintenance.

In a filing to the Lagos Stock Exchange this week, the carrier sought to reassure investors that it was not in any financial difficulties.

“This is to formally notify shareholders and other stakeholders of Med-View Airline Plc, on the reports that are being circulated in the media and to allay the fears of the general public and shareholders on the insinuations that the Company is…

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