Home » Africa: Nigerian Carrier, Med-view Airlines to sell two Boeing 737s to offset debts, raise funds

Africa: Nigerian Carrier, Med-view Airlines to sell two Boeing 737s to offset debts, raise funds

by Atqnews
0 comment
med-view aircraft airlines

Cash trapped Nigerian carrier, 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.

According to nigerianflightdeck.com, 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.”

Source: Nigerianflightdeck

You may also like

Leave a Comment

ATQnews.com

ATQnews.com® a member of Travel Media Group is the online platform for African Travel Quarterly (ATQ), the first travel magazine in West Africa which solely focuses on travel and tourism issues. 

ATQNEWS

Latest News

ATQNEWS @2024 – All Right Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00