Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View Airline Plc to sell-off some assets of the distressed carrier. Recall that the airline had since last year quit operations when all its aircraft went out of service, and the relationship between the Chairman and his Managing Director, Muneer Bankole, went sour. In a letter issued on behalf of Al-Thunnayan, the Saudi investor was unaware of the sale plans, and had gone ahead to challenge the move in a court of law. “Sheikh Abdulmohsen Al-Thunnayan holds N3.510 billion shares in Med-View Airlines, representing 36 per cent of the total shares in the company. At the meeting, the airline also accepted the resignation of two of its directors, Ayodeji Ariyo Gbeleyi and Oladele Kachet Oyedele.

Source: The Guardian August 07, 2020 03:11 UTC