Green Africa Acquires First Owned Aircraft, Asset Financing Provided By Access Bank
Green Africa has acquired its very first owned aircraft, an ATR 72-500 with manufacturer’s serial number 852 and registration mark 5N-GAB, expected to enter into service shortly after customary regulatory approvals. Access Bank provided a Naira debt facility to partly fund the aircraft acquisition.
Babawande Afolabi, Founder & CEO of Green Africa, 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.”
Roosevelt Ogbonna, Managing Director / CEO of Access Bank, 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 and has since established a strong presence in the domestic market as one of the most affordable and punctual airlines in the industry.
Green Africa is a Lagos-based value airline committed to providing safe, reliable, and affordable air travel to customers. Founded with a mission to use the power of air travel to create a better future, Green Africa continues to make the dream of air travel possible for a broader group of customers. 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.
Access Bank, a subsidiary of Access Holdings Plc, is a full-service commercial bank operating across 20 countries on three continents. With over 700 branches and well over 70 million customers, the bank combines strong corporate banking expertise with a robust retail and digital banking presence. Committed to enabling economic growth and innovation, Access Bank continues to provide strategic financial solutions that empower businesses and drive sustainable development.
