When Med-View commenced domestic operations in November 2012, it did so amidst fanfare, with a fleet of two Boeing 737-400 aircraft and one Boeing 737-800, which was acquired a month later. Little did the management of the indigenous airline know that providence had other plans for its future.
Two years later, the airline acquired another Boeing 737-400 Classic aircraft with a capacity for 150 passengers in business and economy classes. In January 2017, the board of what used to be one of Nigeria’s fastest-growing flag carriers listed the shares on the floor of the Nigerian Stock Exchange and is the only airline presently listed on the local bourse.
18 months later, Med-View airline decided to spread its tentacles beyond the shores of Nigeria with the Dubai route. This feat made the airline the first Nigerian carrier with high passenger traffic on the international route, as it airlifted 72,175 passengers.
The airline sector in Nigeria is increasingly becoming highly competitive, with an interesting twist of surpassing one another by the major players. The Airline’s new competitors are not necessarily registered airlines, but rather charter services by individual and corporate entities who have an interest in aviation.
There are chances of a likely acquisition or take-over by new entrants or foreign investors, which would be ready to do business differently, whether the Bankole led-administration likes it or not because potential passengers are no longer waiting for airline offers to travel around the world; various groups and organizations are putting up irresistible packages for passengers and bringing them to fly with registered airlines. This, in turn, is splitting the revenue to be generated by the airlines in scheduled operations.