Green Africa, Nigeria’s Lagos-based value airline, has added to the news that it has ordered fifty A220-300s from Airbus by also committing to lease an additional three of the aircraft from leasing company, GTLK Europe. The aircraft will allow Green Africa to set course for its planned launch of commercial operations in 2020.
Deliveries of the three aircraft – which are all brand new – will be completed by August 2020. Green Africa has selected the A220 for its operational characteristics, financial performance and environmental benefits, with the added advantage of superior passenger satisfaction and widebody style cabin comfort.
Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MOU) for 50 Airbus A220-300 aircraft, one of the major orders to be placed globally for the A220 program and the largest ever from the African continent.
At the end of January 2020, the A220 had accumulated 658 orders.
Boeing and Lagos-based Green Africa Airways have announced a commitment for up to 100 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, as the airline gears up to begin commercial operations. The total deal carries a list-price of $11.7 billion, the largest aircraft agreement from Africa, and will be reflected on Boeing’s Orders and Deliveries website once finalized.
“Today is a historic day for the Nigerian and African aviation industry,” said Babawande Afolabi, Founder & CEO, Green Africa Airways. “This landmark deal takes us much closer to our long-held dream of building a world-class airline that will unlock a new realm of positive possibilities for millions of customers. Broadly speaking, this deal is a bold symbol of the dynamism, resilience and soaring entrepreneurial drive of the next generation of Nigerians and Africans.”
Green Africa Airways, a value airline based in Lagos, Nigeria aims to offer safe, quality and affordable air travel and be a significant contributor to the economic development of Nigeria and the African continent. The new airline has received its Air Transport License from the Nigerian government and is anchored by a group of senior industry leaders led by Tom Horton, former Chairman and CEO of American Airlines, William Shaw, Founder and former CEO of VivaColombia and Virasb Vahidi, former CCO of American Airlines.
The airline initially plans to develop the Nigerian market and then build a strong Pan African network. According to Boeing’s 20-year Commercial Market Outlook, airlines in Africa will require 1,190 new airplanes as the continent boosts both intra-continental and intercontinental connectivity over the next couple of decades.
“The growth potential for air travel across Nigeria and Africa is extraordinary with the airplane fleet expected to more than double over the next 20 years. We are delighted that Green Africa Airways has selected the 737 MAX to serve this expanding market,” said Ihssane Mounir, Senior Vice President of Commercial Sales & Marketing, The Boeing Company. “We look forward to Green Africa Airways building their fleet with the MAX and taking advantage of the jet’s efficiency and dependability to open new options across Nigeria and the African continent. Boeing will be a trusted partner to Green Africa Airways as the MAX is introduced into their operations and through their long-term success.”
Green Africa Airways (Lagos) has announced it has completed its Series A round of financing with Kuramo Capital, a Pan African independent investment management group based in New York with additional offices in Lagos and Nairobi. As part of the new investment, Green Africa Airways has also formed an advisory board of senior industry leaders led by Tom Horton, former CEO & Chairman of American Airlines and former Chairman of oneworld Alliance, William Shaw, Founder & former CEO of VivaColombia, and Virasb Vahidi, former CCO of American Airlines.
The new airline has received an Air Transport License (ATL) from the Nigerian Government, commenced its Air Operating Certificate (AOC) process and is in conversations with leading aircraft manufacturers. Green Africa Airways also recently appointed Captain Jag Singh, VP of Flight Operations and former Acting CEO of Caribbean Airlines, as Chief Operating Officer, and Captain Bart Roberts, former VP of Flight Operations at JetBlue and ex-Chief Pilot at American Airlines, as Chairman of the Safety Review Board.