Medview Airline reports rise in pre-tax profit

Medview Airlines, a prominent player in Nigeria's aviation industry, has announced an impressive 27% rise in profit after tax in its half-year earnings report. The CEO of Medview, Muneer Bankole, sat down with CNBC Africa's Oye Damola Akinsoya to discuss the company's performance and future outlook. Bankole highlighted the commitment and dedication shown by the airline over the years, emphasizing their focus on safety, compliance, and customer satisfaction. The company has seen significant growth, expanding its operations to include 19 destinations across Europe, the United States, Saudi Arabia, Dubai, Jeddah, and Singapore. Bankole revealed plans to further expand into South Africa and introduce new services in Anglophone and Francophone regions. Despite challenges faced in 2016, particularly due to fluctuations in the currency exchange rate, Medview Airlines has remained resilient and continued to invest in its fleet and operations. Bankole credited their success to prioritizing customer trust and service quality, leading to strong financial performance and recovery. Looking ahead, Bankole expressed confidence in sustaining and further enhancing the company's performance, highlighting upcoming expansion plans into Lisbon and Oman. To fund these ambitious projects, Medview Airlines plans to leverage its current business partnerships and explore opportunities in West African countries and beyond. Additionally, Bankole shared the company's decision to go public as part of its funding strategy, aiming to attract more investors locally and internationally. The impending public offering is expected to generate significant interest and allow Medview Airlines to acquire new aircraft and scale its operations. Since listing on the stock exchange, Medview Airlines has gained visibility and attracted a diverse range of investors, both domestic and foreign. The CEO remains optimistic about the airline's future prospects and its potential to revolutionize Nigeria's aviation sector. The company's commitment to excellence, safety, and innovation positions it as a key player in the industry, with a promising horizon of growth and success.