Ahead commencement of 2018 hajj operations and recommencement of its London services, Medview airline on Thursday took delivery of its newly acquired B777-200ER to boost its fleet.
Chief Executive Officer of the airline, Alhaji Muneer Bankole made this known at the hajj terminal of the Murtala Muhammed Airport, Lagos.
He said the aircraft was purchased through lease with credit facility from First Bank of Nigeria Plc.
He explained that the aircraft would be used during the hajj operations which commences on July 25, adding that it may then be deployed to London route afterwards, while it awaits return of the one of the airline’s aircraft undergoing reconfiguration.
“First of all, we have to give thanks to God, it’s like a dream come true, I use this opportunity to thank all my colleagues that have worked tirelessly to get this dream to light. This is one of our plans; over the years, we have been leasing aircraft for hajj/ international operations which have consumed much of our foreign reserves; so, at the beginning of this year, it was one of our dreams that it will be the end of leasing for international operations.
“The cost is high when you lease, you invest so much money, both the capital and the equipment, and you don’t get something in return because the money goes out of the economy, so we use this opportunity to thank God and First Bank.
He said the airline presented its situation to the bank, which gave it 10 interest window, “which empowered us to get this airplane. This airplane is a leased-purchase aircraft from Atmax, our partner in Canada.
Also speaking, the Executive Director, Business Development of the airline, Ishaq Na’Allah said the airline would commence airlifting pilgrims to Mecca and Medina by July 25, adding that it will airlift 10,000 people from six airports including: Lagos; Kaduna; Kano; Ilorin; Port-Harcourt and Maiduguri.
“The aircraft is has a capacity of 323 passengers, with 25 being Business Class. Medview Airline has Boeing B777-200ER, B767-300ER, three B737-400 and 500 in its fleet, and two more aircraft are expected to join the fleet by the end of August,” Na’Allah said.
Bankole also said that the airline would resume its London operations by Winter.
“We will return to London by this winter after the completion of the aircraft reconfiguration, we have got the slot already, we are reapplying and we are returning to the route”, he added.
The Medview boss however, lamented that after government announced the exemption of domestic airlines from paying Value Added Tax (VAT), the policy is yet to be implemented.
“But the VAT removal is yet to be implemented; we have heard of it but can’t feel it. We keep talking to FIRS, they keep chasing us. Yoyu see, commercial operators don’t pay VAT, taxes and charges in other countries because it makes the airlines’ operations nosedive, let’s do the right thing, I think government agencies should go and try to get money and work like service providers, we should get out of this colonial approach, when you pay five percent or 3 percent to all agencies, we are still in colonial era, we should be transparent about the business”, he said.
The Medview boss however, lamented that after government announced the exemption of domestic airlines from paying Value Added Tax (VAT), the policy is yet to be implemented.
“But the VAT removal is yet to be implemented; we have heard of it but can’t feel it. We keep talking to FIRS, they keep chasing us. Yoyu see, commercial operators don’t pay VAT, taxes and charges in other countries because it makes the airlines’ operations nosedive, let’s do the right thing, I think government agencies should go and try to get money and work like service providers, we should get out of this colonial approach, when you pay five percent or 3 percent to all agencies, we are still in colonial era, we should be transparent about the business”, he said.
Ahead commencement of 2018 hajj operations and recommencement of its London services, Medview airline on Thursday took delivery of its newly acquired B777-200ER to boost its fleet.
Chief Executive Officer of the airline, Alhaji Muneer Bankole made this known at the hajj terminal of the Murtala Muhammed Airport, Lagos.
He said the aircraft was purchased through lease with credit facility from First Bank of Nigeria Plc.
He explained that the aircraft would be used during the hajj operations which commences on July 25, adding that it may then be deployed to London route afterwards, while it awaits return of the one of the airline’s aircraft undergoing reconfiguration.
“First of all, we have to give thanks to God, it’s like a dream come true, I use this opportunity to thank all my colleagues that have worked tirelessly to get this dream to light. This is one of our plans; over the years, we have been leasing aircraft for hajj/ international operations which have consumed much of our foreign reserves; so, at the beginning of this year, it was one of our dreams that it will be the end of leasing for international operations.
“The cost is high when you lease, you invest so much money, both the capital and the equipment, and you don’t get something in return because the money goes out of the economy, so we use this opportunity to thank God and First Bank.
He said the airline presented its situation to the bank, which gave it 10 interest window, “which empowered us to get this airplane. This airplane is a leased-purchase aircraft from Atmax, our partner in Canada.
Also speaking, the Executive Director, Business Development of the airline, Ishaq Na’Allah said the airline would commence airlifting pilgrims to Mecca and Medina by July 25, adding that it will airlift 10,000 people from six airports including: Lagos; Kaduna; Kano; Ilorin; Port-Harcourt and Maiduguri.
“The aircraft is has a capacity of 323 passengers, with 25 being Business Class. Medview Airline has Boeing B777-200ER, B767-300ER, three B737-400 and 500 in its fleet, and two more aircraft are expected to join the fleet by the end of August,” Na’Allah said.
Bankole also said that the airline would resume its London operations by Winter.
“We will return to London by this winter after the completion of the aircraft reconfiguration, we have got the slot already, we are reapplying and we are returning to the route”, he added.
The Medview boss however, lamented that after government announced the exemption of domestic airlines from paying Value Added Tax (VAT), the policy is yet to be implemented.
“But the VAT removal is yet to be implemented; we have heard of it but can’t feel it. We keep talking to FIRS, they keep chasing us. Yoyu see, commercial operators don’t pay VAT, taxes and charges in other countries because it makes the airlines’ operations nosedive, let’s do the right thing, I think government agencies should go and try to get money and work like service providers, we should get out of this colonial approach, when you pay five percent or 3 percent to all agencies, we are still in colonial era, we should be transparent about the business”, he said.
