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.
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.