Monday , 29 May 2023
Alhaji Muneer Bankole, Managing Director Medview Airline

How Med-view Airlines demystified banks to get loans-Bankole

DOMESTIC Airlines can access facilities from financial institutions if they have laid down procedures for compliance with remittance of loans instead of utilizing monies meant for the business on frivolous affairs, according to Managing Director of Med View Airlines, Alhaji Muneer Bankole.

This is just as he identified compliance, commitment, discipline and integrity as reasons for the airline’s success stating that it is the name of the game in aviation.

Bankole who spoke to some reporters during the airlift of pilgrims from Kaduna stated that banks are apprehensive of granting loans to airlines given their history rife with early collapse of airline entities but posited that Med-view has been able to change that with its financial discipline and integrity.

Bankole, acknowledged that airline business is risky and explained that most Nigerian banks would never extend credit facilities to airline operators noting that out of 18 airlines that operated only six are still operating today and already two are under threat of dying.

Narrating his story, he said, “When I wanted to secure $10 million loan from a major bank in Nigeria, I was refused because they said that they had it as a policy not to give credit facility to airlines because of their precarious situation. They have very short life span. So they refused to give me the loan and I insisted. I had meetings with them and at a time they asked me why Nigerian airlines do not exist for a long time, as obtained in other parts of the world.

“I explained to them that it is partly due to lack of discipline, lack of determination and inexperience. Some of these operators just come to the industry and decide to establish an airline so they rely on expert and professional advice from pilots, airline managers and others and most of the time these people are not sincere to these operators. Of course, they will not be as dedicated as you who are committing your money in the business,” Bankole said.

He pointed out that there is lack of sincerity among many operators who are not disciplined enough to differentiate between operating funds from personal monies and in the mix they impinge into their capital.

Bankole also said that for an investor into airline business to succeed, he must have passion for the job and sincerity with everyone involved in the business.

He said that when these industry professionals are engaged, they most often go into spending spree with the funds made available by the investor and because the investor is inexperienced, he may not know how to adopt cost cutting measures.

“It is a believe, all banks in Nigeria say and believe that aviation is a no go area but we have disabused that. In one of my meetings with a major financial institution in Nigeria.”

“Med-view is a test case and as a result of this test case we wanted to purchase an aircraft to the tune of US$10million, and this major bank took a bold step and called me for a dialogue. Most banks just have aviation desks with experienced people with knowledge of aviation, but this bank does.”

“Today we have facility from that bank and we have paid up completely. We used the money to buy two aircraft.”

“Airlines are dying because people ventured into the business by accident as they did not learn or go to school to understand the rudiment of the business.”

“The game today is that we have invested much on training and growing the business and we hope with this experience many commercial banks will come aboard.”

“The beauty of success is for you to discipline yourself. Customers buy tickets for travel in the future and so it is not your money to spend. Create a dedicated account without a checkbook. All revenue goes into that account. ‘In truth, Cash on the table is not money to be spent’.”

“Most of our successes are based on our discipline and diversification that is why we ae into hajj and a host of other businesses.”

About NigerianFlightDeck

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.

One comment

  1. This is a statement of fact, most ceo or owners of the airlines can’t distinguished what is their personal money and that of the airlines. In most cases they operators spend what does not belong to him.
    The second issue which I quite agreed with him is wrong professional advise and lack of sincerity in the advised. Most operators so much trust the pilots to give them advise and most cases these pilots has their limitations because of the nature of theur job as they confined to cockpit and thinking of building flying hours which does not translate to management experience unlike the MD of Med View who is a groom professional ground operations staff who have through various sector of airline management.
    Am so proud of him.

slot pulsa

slot pulsa tanpa potongan

slot deposit via pulsa

slot deposit pulsa tanpa potongan

slot deposit 10000 tanpa potongan

slot pulsa tanpa potongan

slot deposit pulsa tanpa potongan

slot pulsa

slot deposit pulsa

slot pulsa tanpa potongan

slot deposit pulsa

slot deposit pulsa

deposit pulsa tanpa potongan

https://stevenfoster.com/slot-deposit-pulsa/

wolf gold

wild west gold

the dog house

sword of ares

sweet bonanza

sugar rush

starlight princess

starlight christmas

rabbit garden

pyramid bonanza

power of thor

joker jewels

hand of midas

great rhino

gates of olympus

gates of gatotkaca

fuirt party

fire88

bonanza gold

deposit pulsa tanpa potongan

sbobet

sbobet

https://www.designerds.be/slot-bonus/

https://greenwichvillagevabeach.com/slot-bonus/

https://junex.com/slot-bonus-100/

https://thefranklinjohnstongroup.com/slot-deposit-pulsa/

https://socialbalance.be/slot-deposit-dana/

https://elegamingle.com/wp-content/slot-nexus-engine/

slot pulsa tanpa potongan

slot pulsa tanpa potongan

slot bonus 100 to 3x

slot bonus 100 to 3x

nexus slot

nexus slot

slot gopay

rtp slot

slot deposit via dana 10 ribu

https://pointeatpickettfarm.com/wp-includes/slot-deposit-pulsa/

https://pri-israel.com/wp-includes/slot-deposit-dana/

https://aadun.um.edu.my/

https://dmd.dourados.ms.gov.br/app/rtp-slot-gacor/

https://human.rru.ac.th/wp-content/uploads/2023/slot-depo25-bonus25/

https://progresshotel.be/wp-content/slot777-slot-bonus/

https://podcast.peugeot.fr/

https://ci-csd.everymatrix.com/

https://beta.media.nhra.com/

https://pgdownloads.enterprisedb.com/

https://www.mortgageebill.huntington.com/

slot bonus new member

slot deposit pulsa tanpa potongan

rtp

sbobet

slot dana 10 ribu

slot dana 10 ribu

slot dana 10 ribu

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot pulsa

slot pulsa

slot pulsa

slot deposit pulsa tanpa potongan

slot deposit dana

slot deposit dana

judi bola

https://ilfracombegolfclub.com/wp-includes/slot-bonus-new-member/

https://auditsocial.world/wp-includes/slot-bonus-new-member/

https://hkmedicalconsultants.com/js/slot-bonus-100/

https://www.sunraysiascouts.org.au/wp-includes/slot-bonus-100/

https://mayabeachhotel.com/wp-includes/slot-bonus/

https://oakhillbulkfoods.com/wp-includes/slot-bonus-100/

https://sensirestaurant.it/wp-includes/rtp-slot/

https://ujalapk.net/wp-includes/rtp-live/

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

https://hightidekinsale.com/wp-includes/sbobet/

https://advantagehomecare.com/wp-includes/sbobet/

https://micg-adventist.org/wp-includes/slot-gacor/

http://nvzprd-agentmanifest.ivanticloud.com/

daftar sbobet

https://brentfordgymnasticsclub.com/wp-includes/sbobet/

https://jenniferallenlaw.com/wp-includes/sbobet/

https://phuonghoangschool.com/wp-includes/

slot bonus new member 100 di awal

sbobet

https://eurofeld.com/wp-includes/slot-gacor/

https://soroptimistpalmdesert.org/wp-includes/slot-gacor/

https://netfurniture.co.uk/wp-includes/slot-gacor/

sbobet88

sbobet

game slot gacor

slot deposit gopay

https://crazy.ro/wp-includes/slot-bonus/

RTP Live

slot gacor gampang menang

rtp live

judi bola

depo 100 bonus 100

Slot Online

Slot Joker Gaming

slot deposit

https://topnotchlocs.com/slot-gacor/

https://marcellolinhares.com/rtp-slot/

https://exoticmysticism.com/wp-includes/casino-online/

https://www.chanchap.com/wp-includes/baccarat-online/

pragmatic play

judi baccarat online

live casino

slot88

slot

baccarat uang asli

Slot Server Thailand

https://ngoisaoamnhac.vn/slot-nexus/

https://comkresloff.ru/wp-content/slot/

http://slotmaxwin.org/

https://www.victhorvieira.com/forum/discussoes-gerais/daftar-situs-slot-bonus-new-member-100-selalu-gacor-gampang-menang-bonus-new-member-100-ke-rendah-kecil-3x-5x-6x-7x-8x-10x-di-awal

https://www.delakkerij.be/slot-nexus/

https://lobsterbaylombok.com/slot-deposit-pulsa/

https://smaalbina.com/wp-includes/slot-bonus/

https://solargostaran.com/slot-deposit-pulsa/

https://hort.hdut.edu.tw/wp-includes/slot-nexus/

https://boogoomusicfest.com

https://thesummerhouseapts.com/wp-content/slot-nexus-engine/

https://spaziosicurezzaweb.com/slot-deposit-pulsa/

https://namaaestetic.com/wp-content/slot-nexus-engine/

https://asbcred.com.br/wp-content/slot-pulsa/

slot pulsa

slot deposit pulsa

https://usasgvote.usa.edu.ph/js/slot-bonus/

slot bonus

slot bonus new member

slot bonus 200

slot bonus 200 di depan

https://www.dqsy.vn/slot-bonus/

https:https://captiva.be/slot-bonus/

http://palais-rouge.com/wp-includes/slot-nexus/

slot deposit dana

slot dana

slot deposit dana

daftar slot via dana

https://vrpgessoeconstrucoes.com.br/wp-includes/slot-deposit-dana/

slot pakai dana

deposit dana

deposit dana

deposit dana

deposit via pulsa

deposit via pulsa

nexus engine slot

sbobet login

https://saberrentalcar.com/wp-includes/slot-deposit-dana/

https://cosmoroyale.com/wp-includes/slot-deposit-pulsa/

slot dana

slot-nexus

nexus slot

slot nexus

slot dana

slot nexus

slot server luar negeri

rtp slot

slot dana

slot nexus

slot dana

slot bonus 100 to 3x

slot server thailand

slot server kamboja

slot server luar negeri

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server thailand

slot server thailand

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server luar negeri

slot server kamboja

slot server vietnam

slot server thailand

slot server kamboja

slot server luar negeri

slot deposit pulsa

slot bonus 100 to 3x

slot online

slot deposit dana

daftar sbobet

slot deposit via dana 10000

slot deposit via dana 10000

slot deposit pulsa

https://thesmartoilet.com/wp-includes/slot-deposit-pulsa/

https://choviettrantran.com/wp-includes/slot-deposit-pulsa/

https://kreativszepsegszalon.hu/wp-includes/slot-deposit-pulsa/

https://www.muaythaionline.org/wp-includes/slot-deposit-pulsa/