Green Africa, the Lagos-based value airline, has announced a significant milestone with the acquisition of its first owned aircraft, an ATR 72-500.
The aircraft, bearing manufacturer’s serial number 852 and registration mark 5N-GAB, is poised to bolster the airline’s operations following necessary regulatory approvals.
The acquisition was partially funded through a Naira debt facility provided by Access Bank, a leading financial institution in Nigeria and across Africa.
In a statement, Babawande Afolabi, Founder & CEO of Green Africa, says, “We are pleased to acquire our very first aircraft, another significant milestone for Green Africa”.
“This incoming aircraft will be pivotal as we thoughtfully navigate the next phase of our journey to bring safe, affordable and reliable air travel to a broader group of customers in the region.”
Access Bank’s Managing Director/CEO, Roosevelt Ogbonna, emphasized the bank’s commitment to supporting emerging businesses.
“As one of the largest and leading financial institutions on the continent, we at Access Bank take special pride in supporting young businesses that have the potential to redefine their industries and act as major catalysts for positive impact in their local market and on the continent at large”.
He adds, “We are impressed with the Green Africa story and excited about the brand’s future trajectory. We are delighted to support the acquisition of Green Africa’s very first owned aircraft.”
Launched amidst the challenges of the COVID-19 pandemic, Green Africa commenced revenue service in 2021.
The airline has since established itself as a key player in the Nigerian domestic market, known for its affordability and punctuality. The acquisition of its first owned aircraft marks a significant step in the airline’s continued growth and expansion.
