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Medview Airline Gets IATA Safety Certificate

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  • Medview Airline Gets IATA Operational Safety Certificate

International Air Transport Association ( IATA) on Monday admitted Medview Airline into its global safety platform, after passing the International Operations Safety Audit ( IOSA) certification.

The admission of Medview into the IOSA registry of the global airline regulator is confirmation that the carrier has notched up its safety operational procedures to worldwide standards.

Speaking at a presentation ceremony of the IOSA certificate, the Regional Director, West Africa, IATA, Mr Samson Fatokun said Medview met the required safety standards set by the global body.

He said the safety endorsement has catapulted Medview into the league of global players in terms of operational safety and procedures required for global carriers.

He said the airline has fulfilled all the conditions and met all the requirements for it to be given IOSA certificate.With the safety endorsement, Medview has joined the league of other domestic carriers to be enlisted in the IOSA registry. Others include Aero, Arik, Overland and Allied Air.

He said IATA will continue to monitor the operational activities of Medview Airlines to prepare it for the validation of the certification in the next two years, before pursuing the enhanced IOSA.

Fatokun said with the certification, Medview Airlines could negotiate code share and interline agreements with global carriers to enhance its operations.

Speaking on the certification, the Managing Director of the airline, Alhaji Muneer Bankole said it has been a team work and that he dedicate the certification to the entire staff.

IATA Operational Safety Audit (IOSA) audit, indicates that the airline has complied with all safety regulations.

The IATA Operational Safety Audit (IOSA) programme is an internationally recognised and accepted evaluation system designed to assess the operational management and control systems of an airline.

IOSA uses internationally recognised quality audit principles and is designed to conduct audits in a standardised and consistent manner.

It was created in 2003 by IATA. The program is designed to assess the operational management and control systems of airlines.

Awarding the certificate to the Managing Director of Medview, Alhaji Muneer Bankole and his team, the Regional Director of IATA, Dr. Samson Fatokun lauded the carrier for meeting the stringent conditions for IOSA, stressing that it is good for all carriers in Nigeria to be IOSA certified.

He explained that IOSA became imperative for carriers after African leaders met and agreed that all carriers operating on the continent must be IOSA compliant before 2017.

His words: “If you check IATA registry, you will find Medview Airlines there. They worked for it. It is good to be there and it is more difficult to maintain it. Very soon, you have to continue for renewal. We are moving to E-IOSA.

“E-IOSA is an expansion of the IOSA program and focuses in particular on the continuous quality assurance of operational procedures and processes, encompassing all IOSA disciplines.

“This is done through regular internal assessments and the preparation of a Conformance Report (CR). Qualified auditors and a standardized audit procedure are important prerequisites for this.

For this reason, Aviation Quality Services, a wholly owned subsidiary of Lufthansa Flight Training, is already qualifying prospective auditors according to the new standard using tailored IOSA training.

“We want to commend Medview. This commendable. We want to ask you to take full advantage of requirement of IOSA to be an IATA member. We plead you don’t come off the registry. It gives you opportunity to be IATA member.”

Muneer thanked IATA for establishing IOSA standards, as he recalled a meeting he had with Etihad recently on the need for partnership.

He disclosed that it took the airline two years to get the certification. He dedicated to the management and staff.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Pharmaceutical Industry M&A Activity Grew by 17% in H1 2020 amid 56% Drop in Deal Value

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Pharmaceutical Industry M&A Activity Rose by 17% in the First Half of 2020

According to the research data analyzed and published by ComprarAcciones, merger and acquisition (M&A) deal activity in the pharmaceutical sector rose by 17% in H1 2020, disregarding the economic toll of the global pandemic.

It saw a total of 41 deals during the period, but the Q2 2020 deal value total of $3.3 billion was the lowest quarterly total since Q1 2018.

According to PwC, the pharma subsector posted a drop of 56% in deal value from H2 2019 to H1 2020. For the PLS sector as a whole (pharma, biotech and medical devices), the decline in deal value was a massive 87.2% during the same period.

Pharma and Life Sciences (PLS) M&A Total Deal Value Sank from $272.9B to $35B YoY

The total deal value for the pharmaceutical subsector in H1 2019 was $100.1 billion. In contrast, its total deal value in H1 2020 was valued at $7.7 billion.

The PLS sector had a total of 99 deals valued at $35 billion in H1 2020. In H2 2019, the figures were higher, with 129 deals valued at $86.5 billion. H1 2019 was even bigger, with 119 deals valued at a remarkable $272.9 billion.

Meanwhile, for the healthcare industry as a whole, H2 2020 started off with 13 deals valued at $1 billion+ according to S&P Global.

On the other hand, based on a report from Global Data, the global M&A deal value started on a downtrend in Q1 2020. It went from $151.2 billion to $129.9 billion from February to March. Another study from S&P Global shows that the decline carried into Q2 2020, with a 35% drop in deal volume. Similarly, total transaction value dropped by 40%, the highest drop since 2015.

Comparing H1 2020 to H2 2019, the total deal volume sank by 32% year-over-year (YoY) from 10,155 deals to 6,938 according to Merger Market. Deal values sank by 53%, from $1.9 trillion to $901.6 billion during the same period.

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Lagos State to Support Businesses Looted by Hoodlums

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Lagos State to Support Businesses Vandalised and Looted by Hoodlums

Lagos State has announced plans to support businesses looted and vandalised by hoodlums last week.

The Deputy Governor of the stated, Obafemi Hamzat, made this known in a series of tweets put out on Friday.

He directed businesses vandalised in the state to fill a form attached through the link below.

“If you are a Lagos based business and your store got looted/vandalized this week, please fill this form by @LSETF https://t.co/lwPiXvFzTp. Let’s do what we can to support you,” he tweeted.

This was after Governor Babajide Sanwo-Olu said the state had activated the process of healing the destruction and massacre that happened earlier in the week when security operatives in army uniforms opened fire on armless #EndSARS protesters.

Sanwo-Olu said, “My heart bled after I went out today for a first-hand assessment of the destruction of assets of the Government and private properties. The level of destruction observed indicated that the violence was more than just a peaceful protest and agitations for police reforms. The proportion of devastation is a lot. This is not the Lagos that was handed over to me on May 29, 2019.

“Moving forward from the destruction, we have to continue the process of healing ourselves. We need to stop some of our citizens still using social media to instigate or incite the people. It will not be under my watch that we will lose the city that has the largest economy in the entire black nation. Enough is enough. I have moved around and I saw that our people want peace. On this, we are committed to bringing lasting peace back to the State.

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TVC Resumes Operations in Lagos Office Following Hoodlums Attack

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Telecommunications

TVC Commences Operations Less Than 72 Hours After Hoodlums Attacked and Destroyed the Company’s Lagos Office

Television Continental (TVC) station has resumed operations less than 72 hours after its Lagos office was attacked by hoodlums that hijacked the #EndSARS protest.

The television station was attacked on Wednesday by criminals would believe that the media platform was owned by one of the top Buhari supporters, Mr. Bola Ahmed Tinubu.

The attack followed the shooting of unarmed #EndSARS protesters, who had gathered to protest against the activities of the Special Anti-Robbery Squad (SARS) unit of the Nigerian Police Force (NPF) at the Lekki Toll Gate on Tuesday.

The peaceful protesters were shot by security operatives in Nigerian Army uniform before the commencement of curfew imposed by Governor Babajide Sanwo-Olu of Lagos State.

The killings now tagged Lekki Massacre attracted global attention as global leaders condemned the Federal Government or whoever ordered the shooting and called for an immediate investigation into the matter.

On Wednesday, criminals allegedly sponsored by interested parties to dislodge peaceful protesters took advantage of the situation to wreak havoc across Nigeria’s commercial hub, Lagos State, as several private establishments businesses were attacked and looted by these unscrupulous characters.

One of the establishments attacked was the National Newspaper also linked to Mr. Tinubu.

The hoodlums stormed TVC on Wednesday morning during a popular morning show, Your View, anchored by Mrs Morayo Afolabi-Brown, the programme did not end before the television station went off air as it was immediately set on fire.

However, Investors King gathered that TVC resumed operations on Saturday morning, although regular programs were yet to resume fully.

As at the time of writing, the station was airing promos of various programmes and from what we gathered, regular programming will return very soon especially from its Abuja office.

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