Access Bank finances Green Africa Airways’ aircraft acquisition
Access Bank has extended a naira-denominated debt facility to Green Africa Airways, a value airline based in Lagos, Nigeria, to partially fund its latest aircraft acquisition.
According to Omolora Kehinde, Green Africa Airways’ spokesperson and Brand Marketing Specialist, this financial backing marks a significant milestone in the airline’s mission to provide safe, affordable, and reliable air travel across the country. The move reflects Green Africa’s commitment to long-term sustainability and growth within the aviation industry.
The newly acquired aircraft, an ATR 72-500 with the manufacturer’s serial number 852 and registration mark 5N-GAB, is set to enter service following the completion of standard regulatory approvals.
Speaking on the acquisition, Babawande Afolabi, Founder and Chief Executive Officer of Green Africa Airways, expressed enthusiasm over the development:
“We are pleased to take delivery of our very first aircraft, a major milestone for Green Africa. This aircraft will play a key role as we carefully advance into the next phase of our journey to offer safe, affordable, and dependable air travel to a wider customer base across the region.”
Roosevelt Ogbonna, Managing Director and Chief Executive Officer of Access Bank, reaffirmed the institution’s commitment to fostering innovative and high-impact businesses across Africa: “As one of the leading financial institutions on the continent, Access Bank is committed to supporting emerging businesses that have the potential to redefine their industries and act as key drivers of economic progress in their local markets and beyond.
“We are impressed with Green Africa’s journey so far and excited about its future prospects. It is a privilege to support the acquisition of Green Africa’s first owned aircraft.”
Green Africa was launched in the midst of the COVID-19 pandemic and officially began commercial operations in 2021. Since then, the airline has built a strong reputation for affordability and punctuality, making it one of the most accessible and reliable carriers in Nigeria’s domestic aviation market.
Having already established itself as a leader in on-time performance and cost-effective travel, Green Africa now aims to expand its footprint over the next decade.
The airline’s long-term vision includes strengthening connectivity across Nigeria, opening up new travel opportunities along the West African coastline, and making significant contributions to economic growth and regional development across the continent.
