Thursday, January 14, 2021

New Nigerian airline to begin operations

 Nigeria’s air transport is set to experience a revolution as a proposed low-cost carrier – Green Africa Airways – is set to commence operations. It has already reached the final stage of certification.

The Nation

Regulatory sources hinted that promoters of the carrier are putting finishing touches to secure the Air Operator’s Certificate (AOC) from the Nigerian Civil Aviation Authority (NCAA), a mandatory regulatory prerequisite before any scheduled carrier could take off.

Sources hinted that commencement of flight operations by Green Africa Airways promises to reshape the aviation industry with its state-of-the-art aircraft.

Despite the ongoing pandemic, industry analysts agree that the long-term potential in the aviation market remains vibrant.

Experts say the right business model, fleet, and value proposition, new entrants can capture the attractive market opportunities.

Last October, Green Africa had formed a strategic partnership with First City Monument Bank (FCMB), which yielded $31 million in a combination of standby letter of credit and rolling working capital.

Green Africa is owned by Babawande Afolabi. Its leadership team includes two well-experienced leaders in the global aviation industry, Neil Mills – President/Chief Operating Officer and Kiran Koteshwar – Chief Financial Officer.

Green Africa is anchored by a group of senior industry leaders led by Tom Horton, former Chairman & CEO of American Airlines, Wale Adeosun, Founder & CEO of Kuramo Capital, William Shaw, CEO of InterJet, Virasb Vahidi, former CCO of American Airlines and Gbenga Oyebode, Founder & Chairman of Aluko & Oyebode.

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