Babawande Afolabi (born 1983) is a Nigerian-born businessman, CEO, and founder of Green Africa Airways Ltd. Afolani was born in Ile-Ife, Osun, Nigeria.
Babawande Afolabi Education
He got a Wesleyan fund scholarship to attend Illinois Wesleyan University in the United States in 2007. He graduated with a bachelor’s degree in Political Science and Economics in 2010. He bagged an MBA from Stanford Graduate School of Business, United States, in 2014.
Babawande Afolabi Career
Prior to launching Green Africa Airways, he was an investment banker in the US. He’s also the founder of Teatime Capital, a venture capital initiative focused on making micro-equity investments to ultra-small Nigerian businesses.
Asides Afolabi, who remains the chairman of Green Africa Airways, other senior industry leaders on the company’s board are; Tom Horton, former Chairman & CEO of American Airlines; Wale Adeosun, Founder & CEO of Kuramo Capital; William Shaw, CEO of InterJet; Virasb Vahidi, former CCO of American Airlines and Gbenga Oyebode, co-founder and chairman of Aluko & Oyebode, one of the largest integrated law firms in Nigeria.
Green Africa has received its Air Transport License (ATL) from the Nigerian Government.
Babawande Afolabi, is perhaps the youngest airline owner in Nigeria. He launched an air transportation business in Lagos, Nigeria’s commercial nerve center, amid the Coronavirus storm that grounded the global aviation industry for about three months.
Although Afolabi’s airline, Green Africa Airways, was scheduled to begin commercial operations in 2020, the pandemic aborted the plans. Nevertheless, all is set for the airline to hit the skies anytime soon – starting with seven local destinations, including Lagos, Abuja, Portharcourt, Akure, Enugu, and Ilorin.
As part of its efforts to launch in 2020, the company had ordered fifty A220-300s aircraft from Airbus and also committed to leasing an additional three of the aircraft type from GTLK Europe, a leasing company.
On the airline’s imminent flight operations, Afolabi said his company is “crafting a network plan that will afford more customers the opportunity to pursue their economic interest or simply spend more time with family & friends.”
Babawande Afolabi Net Worth
Babawande Afolabi’s net worth is estimated to be around $2.5 million (net worth estimated in 2021).
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