Thursday , 6 August 2020
Home / Aviation News / Med-view Airlines set to sell two Boeing 737s to offset debts, raise funds

Med-view Airlines set to sell two Boeing 737s to offset debts, raise funds

Med-view Airline Boeng 737
MED-VIEW Airlines has concluded plans to sell two of its Boeing aircraft as part of efforts to liquidate some of its indebtedness and inject funds to jump-start its operations post COVID-19.

The airline has also accepted the resignation of two of its directors, Mr. Ayodeji AriyoGbeleyi and Alhaji Oladode Kachet Oyedele.

The airline gave this information to its shareholders, the Nigerian Stock Exchange (NSE) as well as other Board members at a meeting held yesterday, 23rd July, 2020.

The airline according to information gathered will sell its Boeing 737-4D7 with registration 5N-MAA which is in Estonia as well as Boeing 737-4D7 with registration 5N-MAB in Lagos.

The airline is also seeking approval of the return of the leased aircraft engine from lessor, Aeolus Engine Services Ireland to enable it preclude the payment of additional rent; engine number CFM5G3CI SN857871.

A source close to the airline in a reaction to Nigerianflightdeck confirmed the development stating,” It is true. We needed to get funds to re-engineer our business and that is why we are doing this. We will come out of it.”

 

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.

Drop a comment?

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

%d bloggers like this: