Home / Business & Economy / NSE Council approves Med-view Airline’s listing into stock market
Med-view Airline aircraft

NSE Council approves Med-view Airline’s listing into stock market

MED-VIEW Airline has been given approval by the the council of the Nigerian Stock Exchange (NSE) to list its entire issued share capital on the Exchange.

This move once through ensures the return of the airlines back to the stock market after the delisting of the previous carriers.

Med-View Airline, according to information obtained by Nigerianflightdeck.com, will be listing 9.75 billion ordinary shares of 50 kobo each at N1.50 per share, indicating a start-off market capitalisation of N14.63 billion. Trust Yields Securities Limited and Kedari Capital Limited, two investment firms, were said to be working with the board of Med-View Airline to facilitate the listing.

The listing will be done by way of introduction, implying that Med-View Airline will be available initially through the secondary market, though the airline was said to be interested in floating its initial public offering (IPO) as the market condition improves.

Med-View Airline commenced operations in 2007 as first, a travel agency and then a Hajj operator, growing to become a household name in hajj operations in the country.

Med-View Airline commenced domestic operation in November 2012 with a fleet of two Boeing 737-400 aircraft. It added another Boeing 737-800 just a month after.

About NigerianFlightDeck

mm
Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

Check Also

India goes ahead of Spain, others as Nigeria’s biggest trading partner In Q3 2018 – NBS

DATA released by the National Bureau of Statistics (NBS), covering July, August and September, showed …

FAAN assures of solvency as it engages banks, contractors on opportunities

FEDERAL Airports Authority of Nigeria ( FAAN) has given its assurances to its contractors and …

Elumelu, others insist entreprenuership will unlock Africa’s economic development

NO fewer than five thousand (5,000) African entrepreneurs, private and public sector leaders and the …

Capital Oil, NICON top AMCON’s list of ‘delinquent debtors’ owing N906b

ASSET Management Corporation of Nigeria (AMCON) on Monday released a list of 105 companies that …

Dana Air announces 24th Nigerian Economic Summit partnership

DANA AIR has announced that it is partnering with the Nigerian Economic Summit Group (NESG) …

Leave a Reply

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

%d bloggers like this:
Skip to toolbar