Tuesday , 4 October 2022
Alhaji Muneer Bankole, Managing Director Medview Airline

Med-view boss says new national carrier is no threat to other airlines if..

MANAGING Director, Med-view Airline, Alhaji Muneer Bankole has said the national carrier is no threat to any operator who knows his onions especially if government doesn’t find it with funds meant for other critical sectors and people’s funds.

The Med-view boss also said the airline is keeping its dreams alive with the acquisition of the Boeing 777 , it intends to deploy for its hajj operations and London Gatwick.

Bankole who was a guest at the 22nd League of Airports and Aviation Correspondents ( LAAC) Seminar and Awards held at the Sheraton Hotels and Suites, however reiterated the unconducive environment domestic operators have to deal with as there are so many political issues, security threats and financial issues.

On Nigeria Air, he said,”I will like to give them the opportunity to come out and be able to tell everybody the template, it is still being talk about in Farnborough when it comes to this country we have to sit down and ask questions.”

“There is definitely no threat, once you knew the onus, they operate normally like an airline, the only thing is that they should not take of the government and people’s funds, it should be privately driven.”

On the airline’s new aircraft acquisition, the Boeing 777; the airline CEO said asset acquisition helps the survival of the business and with this current 777, the airline owns four aircraft.

“For you to survive in this business, you must acquire assets. Assets in three layers: assets in terms of equipment, asset in terms of building and asset in terms of cash outlay. If you don’t survive in any of those areas you might not be able to survive.”

“So today, Med-View is growing, we own four airplanes at the first time and we have been leasing on one of our major business which is hajj. You have been seeing foreign carriers like Air Atlanta, Euroatlantic over ten years ago and we thank God today, in the beginning of this year I will say we stopped the business of leasing. So today we have acquired a Boeing 777-200 ER.”

On how the economic situation affects domestic operations in the industry, Bankole lamented the gruelling environment stating that it has in no way made it any easier.

“You know very well that the environment is not conducive, so many political issues, security threats, financial issues, so for now for those of us who are still in the business, I will say we give thanks to God helping us in sustaining this momentum.”

“It has never been easy, are you talking about the charges? We kept saying it many years back. Are you talking about the taxes, the weather, we just have to thank God that we have kept the business going.”

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