Green Africa Acquires First Owned Aircraft, Asset Financing Provided by Access Bank

Green Africa, Nigeria’s Lagos-based value airline, has announced the acquisition of its very first owned aircraft. The incoming aircraft, an ATR 72-500 with manufacturer’s serial number 852 and registration mark 5N-GAB, is expected to enter into service shortly after customary regulatory approvals. Access
Bank, one of the largest banks in Nigeria and on the continent, provided a Naira debt facility to partly fund the aircraft acquisition.

Babawande Afolabi, Founder & CEO of Green Africa, said: “We are pleased to
acquire our very first aircraft, another significant milestone for Green Africa. This incoming aircraft will be pivotal as we thoughtfully navigate the next phase of our journey to bring safe, affordable and reliable air travel to a broader group of customers in the region.”

Roosevelt Ogbonna, Managing Director/CEO of Access Bank, commented: “As one
of the largest and leading financial institutions on the continent, we at Access Bank take special pride in supporting young businesses that have the potential to redefine their industries and act as major catalysts for positive impact in their local market and on the continent at large. We are impressed with the Green Africa story and excited
about the brand’s future trajectory. We are delighted to support the acquisition of Green Africa’s very first owned aircraft.”
Green Africa was launched against the backdrop of COVID-19 and entered revenue service in 2021. Green Africa has since established a strong presence in the domestic market as one of the most affordable and punctual airlines in the industry.

About Green Africa
Green Africa is a Lagos-based value airline committed to providing safe, reliable, and affordable air travel to customers. Founded with a mission to use the power of air travel to create a better future, Green Africa continues to make the dream of air travel possible for a broader aroun of customers. Since Launching service in 2021, the
come known and recognized for its strong track record in on-time and affordability. Over the coming decade, Green Africa aims to better open up the West African seaboard, and be a significant contributor to  development on the continent.

AcessBank
A subsidiary of Access Holdings Plc, is a leading full-service commercial
across 20 countries on three continents. With over 700 branches and
million customers, the bank combines strong corporate banking, a robust retail and digital banking presence. Committed to enabling with and innovation, Access Bank continues to provide strategic
ons that empower businesses and drive sustainable development.