Discovery Airline Boss, Tunde Babalola Returns To The Drawing Board To Chart Fresh Course For Funding Over Suspended License

After much hide and seek with the regulatory body, Nigerian Civil Aviation Authority – NCAA, Discovery Airline eventually earned the big hammer.

It had it’s license suspended.

Insiders however disclosed this is not the end of the road for the dream big initiator of the aviation company.

Information filtering in has it, Mr Tunde Babalola the embattled Airline owner has taken a break from his troubles to rethink and chart a revitalized re launch course.

Tunde Babalola

Investigation revealed the issues that paved way for the NCAA big hammer is fund based.

Discovery operated on a shoe string budget that resulted in salary arears and inability ability to meet up with regulatory stipulations as regards fees and required checks.

The situation deteriorated to the level office space owners took drastic measures to secure part of money owed.

Here is a link for background – http://societynowng.com/Fresh-Trouble-For-Tunde-Babalola-Discovery-Air-As-Landlord-Disrupts-Operations-Over-Unpaid-Debt

‘The attempt to avoid suspension of license compounded the situation over time and now that it has happened, Mr Babalola has taken needed break to clear his head and come up with an all encompassing solution’ a insider quipped.

Societynowng.com learnt the business has taken the need to make a success out the current situation of Discovery Air a personal affront.

His break away from the trouble is said allow him come up with fresh funds to clear all money travails and kick started operations on a better financial footing.

Those close to him disclosed ‘he gave his key staffers confidence of coming up with a solution.

It is however not clear the projected time span.

‘All i know is, he has taken a break…return to the drawing board to chart fresh source of funding to relaunch…i am not sure whether the move is foreign or local… he is keeping things close to his chest’.

The business man bold enough to take on the challenges of setting up and running an Airline Business in a confining economic environment is said to have sympathy of stakeholders over the situation that just befell his investment.