Barely 24 hours after Green Africa was grounded following the retrieval of all its three aircraft by its lessor, ACIA Aero Leasing, the airline, in collaboration with Access Bank, has procured an ...

Lagos-based LCC Green Africa Airways, which launched in 2021, has recorded its first operating profit and is now looking to double its fleet from three to six ATR 72s.

And few airlines can claim anything like its earnings record. For each of the past 14 years, E.A.A. has had a comfortable profit; last year it cleared an estimated $700,000.

Africa is less than 5% of the global market by deal value but has proved to be relatively insulated; total deal value peaked later, at $6.5bn in 2022, and fell less sharply, to reach $4.5bn in 2023.