Green Africa Airways start of perations delayed
The launch date for Nigerian start-up Green Africa Airways (Q9, Lagos) has been delayed to early 2021, with the airline currently going through its AOC certification process, a spokesperson confirmed.
“We’re working with the Nigerian Civil Aviation Authority to get our certification finalised,” the spokesperson said to ch aviation, but declined to elaborate. Attempts to reach the NCAA were unsuccessful.
Green Africa in a statement said it had received its Air Transport License (ATL) from the Nigerian government and had signed a strategic partnership with Nigeria’s First City Monument Bank (FCMB), which gives the airline access to short- to medium-term liquidity.
According to the agreement, FCMB will provide Green Africa with up to USD31 million in a combination of working capital and credit during the pre-sales period beginning early 1Q21.
FCMB said in May it plans to restructure half of its loans after the pandemic affected corporate clients and impairment charges surged 61% to NGN3.7 billion Naira (USD9.6 million) in 1Q20.
It was also disclosed that Green Africa will not be receiving its 3 Airbus A220-300s from GLTK - State Transport Leasing.
“We’re working with the Nigerian Civil Aviation Authority to get our certification finalised,” the spokesperson said to ch aviation, but declined to elaborate. Attempts to reach the NCAA were unsuccessful.
Green Africa in a statement said it had received its Air Transport License (ATL) from the Nigerian government and had signed a strategic partnership with Nigeria’s First City Monument Bank (FCMB), which gives the airline access to short- to medium-term liquidity.
According to the agreement, FCMB will provide Green Africa with up to USD31 million in a combination of working capital and credit during the pre-sales period beginning early 1Q21.
FCMB said in May it plans to restructure half of its loans after the pandemic affected corporate clients and impairment charges surged 61% to NGN3.7 billion Naira (USD9.6 million) in 1Q20.
It was also disclosed that Green Africa will not be receiving its 3 Airbus A220-300s from GLTK - State Transport Leasing.
Source: Instagram
