• Thursday, February 22, 2024
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Kuramo Capital backed Green Airways shakes up Nigeria’s aviation with $11.7bn Boeing order

Green Airways

Nigeria’s Green Africa Airways has committed to order up to 100 Boeing 737 MAX 8 aircraft, from U.S based Boeing Company, a deal which will cost up to $11.7 billion and shake up Nigeria’s struggling airline industry.

The deal is the largest aircraft agreement from Africa, and will be reflected on Boeing’s orders and deliveries website, once finalized Boeing said today.

Green Airways announced in June, 2018 that it completed its Series A round of financing with private Equity firm Kuramo Capital, a Pan African investment firm based in New York.

The new airline has received an Air Transport License (ATL) from the Nigerian Government and commenced its Air Operating Certificate (AOC) process, it said then.

Babawande Afolabi is the Founder and CEO of Green Airways Africa.

Green Airways is headquartered in Lagos, Nigeria.

 

IFEOMA OKEKE