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Green Africa Airways a newly licenced airline in Nigeria, has signed an agreement with Boeing to purchase 100  737 Max 8 aircraft over the next few years. The deal is valued at $11.7 billion, and will be the largest order ever in Africa.

Boeing confirmed this in a press release posted on its website. 

“The growth potential for air travel across Nigeria and Africa is extraordinary with the airplane fleet expected to more than double over the next 20 years. We are delighted that Green Africa Airways has selected the 737 MAX to serve this expanding market,”

The transaction marks the second major deal signed by Boeing with a Nigerian airline. In September Air Peace, signed an agreement with the airline manufacturer for the supply of 10 737 Max Aircraft. 

About Boeing

Founded in 1916 by Bill Boeing, Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.

About Green Africa Airways

Green Africa Airways was founded by Babawande Afolabi. The airline in July obtained Series A financing from several private equity investors led by Kuramo Capital Management.

Zimvest

 

 

 

Standard chartered
Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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