Access Bank has provided a naira debt facility to partly fund the aircraft acquisition of Nigeria’s Lagos-based value airline – Green Africa Airways.
The facility by the financial institution, the Green Africa Airways’ spokesperson / Brand Marketing Specialist, Omolora Kehinde, said is a significant step in the mission of the carrier to provide safe, affordable and reliable air travel in the country.
The airline official said the aircraft acquisition partly financed by Access Bank highlights its commitment to long term sustainability and growth in the aviation sector.
The incoming aircraft, an ATR 72-500 with manufacturer’s serial number 852 and registration mark 5N-GAB, is expected to enter into service shortly after customary regulatory approvals.
Commenting on the development, Founder and Chief Executive Officer of Green Africa Airways, Mr Babawande Afolabi , said: “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.”
Managing Director / Chief Executive Officer of Access Bank, Roosevelt Ogbonna commented: “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. 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.”
Green Africa was launched against the backdrop of COVID-19 and entered revenue service in 2021. Green Africa has since established a strong presence in the domestic market as one of the most affordable and punctual airlines in the industry.
Since launching service in 2021, the carrier has become known and recognized for its strong track record in on-time performance and affordability. Over the coming decade, Green Africa aims to better connect Nigeria, open up the West African seaboard, and be a significant contributor to economic development on the continent.
