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 :: Cover Story...

Wednesday, December 10, 2014.


Fresh Trouble For Tunde Babalola's Discovery Air As Landlord Disrupts Operations Over Unpaid Debt.
'yes we owe, but truth is doing business in this country is not friendly' -MD

Fresh information available to societynowng.com revealed that despite moves by Tunde Babalola to contain talks of financial difficulties rocking his aviation business, Discovery Airline – things appeared to have degenerated.



Here is link to background on attempts to arrest the debt profile - http://societynowng.com/Embattled-Discovery-Airline-Boss-Tunde-Babalola-Moves-To-Contain-Grave-Financial-Situation-That-Resulted-In-Resignation-Of-7-Pil

Tunde Babalola

The organisation’s landlord, Bi – Courtney is said to have disrupted operations of the Airline over unpaid bills.


Information available indicates the management of Bi – Courtney conducted the action by stopping passengers from boarding the Airline on Monday December 8 3014.

 

Informants disclosed Babalola and his crew were forced to put the passengers on an alternative means of transportation.

 

Discovery’s Airline operation was reportedly grounded for the rest of that sources claim.

 

Further revelations have it that Bi Courtney was forced to adopt the hard posture over spiralling out of control debts owed by the Airline operators, particularly service charge in areas by months.

 

Sources claimed facing severe loss, Tunde Babalola and his handlers sourced for funds to offset part of the debts, and the airline was allowed to resume operations on Tuesday December 9 2014.

 

Insiders however disclosed there is a caveat in the new relationship between Discovery and its Landlord. A specified date has been given for full payment of all outstanding debts or eviction is affected.

 

Speaking to newsbreaker, socieyreelnews on the development, Discovery Airline helms man Tunde Babalola confirmed the indebtedness but attribute it to unfriendly business atmosphere.

 

The embattled Airline operator specifically stated ‘Yes we owe. We owe like five months but we are able to pay like one month few days ago. We are going to settle our debts very soo but the truth is, doing business in this country is not friendly at all’



...additional report societyreelnews

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