Green Africa secures new investment from Leadway Assurance to increase fleet
By ADAKU WALTER
Green Africa has secured a new investment from Leadway Assurance Company Limited as the Lagos-based airline makes plans to increase fleet and scale operations in the region.
Since entry-into-service in 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.
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Founder and Chief Executive Officer, Green Africa, Babawande Afolabi, 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 all stakeholders.”
Commenting on the investment, Managing Director and Chief Executive Officer of Leadway Assurance, Tunde Hassan-Odukale, 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.”
