GreenAfrica, Nigeria’s Lagos-based value airline, has announced the acquisition of its second owned aircraft as part of efforts to strengthen capacity and support its long-term growth strategy across the country.
The newly acquired aircraft, an ATR 72-600 with manufacturer’s serial number 1064 and registration mark 5N-GAC, is expected to enter into service shortly after the completion of customary regulatory approvals. Its addition will enable the airline to increase capacity on its existing domestic routes and further enhance operational reliability.
As with GreenAfrica’s first aircraft acquisition, Access Bank, one of Africa’s largest financial institutions, provided the naira-denominated debt facility used to partly fund the strategic fleet expansion. The continued financial backing underscores the confidence of the bank in the airline’s business model and growth trajectory.
Speaking on the development, Babawande Afolabi, Founder and Chief Executive Officer of GreenAfrica, expressed satisfaction with the milestone, noting that the aircraft acquisition represents another step towards building a sustainable airline.
“We are delighted to welcome our second owned aircraft (5N-GAC) to the fleet. The addition of 5N-GAC will help strengthen a sustainable foundation for GreenAfrica to grow and deliver on its promise to provide safe, reliable, and affordable air travel to a broader group of customers in the country and across the continent at scale,” he said.
Also commenting, Roosevelt Ogbonna, Managing Director and Chief Executive Officer of Access Bank, reaffirmed the bank’s commitment to supporting enterprises that drive economic development.
“At Access Bank, we are committed to empowering businesses that drive economic progress and create long-term value for society. Our partnership with GreenAfrica reflects our confidence in visionary enterprises that are transforming critical sectors of the economy,” Ogbonna stated.
“Following the strong performance of GreenAfrica’s first aircraft acquisition, we are proud to extend our support for this second aircraft, which will further enhance capacity and accelerate growth.”
He added that the bank remains steadfast in providing innovative financial solutions that enable businesses to scale, thrive, and contribute meaningfully to Africa’s development.
GreenAfrica, founded with the mission of using air travel to create a better future, has built a reputation for affordability and a strong on-time performance record.
Over the next decade, the airline aims to improve connectivity within Nigeria, open up the West African seaboard, and play a significant role in economic development across the continent.
Access Bank, a subsidiary of Access Holdings Plc, operates as a full-service commercial bank across 20 countries on three continents.
With over 700 branches and more than 70 million customers, the bank combines corporate banking expertise with a strong retail and digital banking presence, supporting businesses through strategic and sustainable financial solutions.
About The Author
