Value airline, Green Africa, to expand fleet as Leadway Assurance raises investment

NIGERIA’S VALUE AIRLINE, GREEN AFRICA, IS PLAN NING AN EXPAN SION OF ITS FLEET AND HAS SECURED fresh investment from leading insurer, Leadway Assurance Company Limited, a positive move aviation industry watchers say will aid it to scale up operations in the region.

The airline, which made its entry-into-service on 12th August 2021, has connected over 150,000 customers across eight airport stations in Nigeria while keeping to its promise of offering the best air travel fares in the market.

Within the short period of its operation, it has also climbed to being among the top three carriers in Nigeria.

Speaking on the development, Babawande Afolabi, founder chief executive officer, Green Africa, said, “We are delighted to have Leadway on board 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.”

Tunde Hassan-Odukale, managing director and chief executive officer, Leadway Assurance, commenting on the investment, said, “It has been refreshing to see Green Africa gradually stabilising 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 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 has been 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.