London – Nigerian start-up Green Africa Airways on Friday confirmed a commitment to buy 100 Boeing 737 MAX 8 aircraft, split into 50 firm orders and 50 options.
The deal is worth an estimated $11.7 billion at current list prices, the largest Boeing aircraft order from an African carrier.
The announcement came as the airline commenced proceedings to launch commercial operations.
Babawande Afolabi, Founder and CEO at Green Africa Airways described the deal as historic for the Nigerian and African aviation industry.
“This landmark deal takes us much closer to our long-held dream of building a world-class airline that will unlock a new realm of positive possibilities for millions of customers,” Afolabi said.
“This deal is a bold symbol of the dynamism, resilience and soaring entrepreneurial drive of the next generation of Nigerians and Africans.”
The Lagos based Green Africa Airways has been established with the goal of providing “quality and affordable air travel and to be a significant contributor to the economic development of Nigeria and the African continent.”
The US planemaker Boeing confirmed the deal.
It said it was a step towards construction of a “solid” Pan-African network, adding the Africa aviation sector has “exceptional” potential.