Posted by Sade Williams
Green Africa, Nigeria’s Lagos-based value airline, has recently secured new investment from Leadway Assurance Company Limited as the airline makes plans to increase fleet size and scale operations in the region.
Since entry-into-service on 12th August 2021, Green Africa has connected over 150,000 customers across eight airport stations in Nigeria while delivering on the promise of offering the best air travel fares in the market.
This has placed the new carrier among the top three carriers in Nigeria within the short period of commencement of operations.
Speaking on the development, Babawande Afolabi, Founder & CEO of Green Africa said, “We are delighted to have Leadway onboard this journey with us as an investor. This is especially significant considering the general track record of the aviation industry as a destination for local professional private capital in the country. We look forward to working with Leadway, not only to build Green Africa, but also to positively change the industry narrative for every stakeholder.”
Commenting on the investment, Tunde Hassan-Odukale, Managing Director/ CEO of Leadway Assurance, said, “It has been refreshing to see Green Africa gradually stabilizing and building a strong operational track record since entering service about six months ago. We look forward to supporting the new carrier as it enters the next phase in its journey of changing the air travel landscape in the region.”
Green Africa (greenafrica.com) is Nigeria’s only value carrier based in Lagos, Nigeria with a mission to use the power of air travel to create a better future. Green Africa offers safe, reliable, and affordable air travel to a broad group of customers and is a significant contributor to the economic development of Nigeria and the African continent.
For five decades, Leadway remained in the forefront as an insurer of repute and has given support to industry and commerce both on the underwriting and risk management side, as well as through investment activities in capital projects in building a more resilient Nigeria.