Air Peace Leads Africa’s Four Fastest Airline Growth By Fleet

Air Peace has recorded the fastest growth by fleet when compared to its African rivals in the continent’s aviation market, Prime Business Africa’s finding has shown.

In Africa’s aviation market, there are several African heavyweight air transports; such as Air Peace, Ethiopian Airlines, Egyptair, Royal Air Maroc and Air Algérie competing for air passengers.

Intense rivalry among these airline operators often leads to an increase of fleet owned or leased and expansion of routes travelled by these airlines.

Thanks to these African air giants and foreign airline operators, African routes generate $2.1 billion in revenue according to Nigerian aviation expert and international consultant, Nick Fadugba, during a presentation in 2022 at a conference in Dubai.

In this report on the fastest airline growth by fleet, Prime Business Africa based its findings on airlines that hit 40 aircraft in the shortest period.

Air Peace

According to findings by Prime Business Africa, it was learnt that despite falling far behind in year of establishment and passengers carried annually, Air Peace recorded the fastest growth by fleet within eight years.

Air Peace was founded by Allen Onyema in 2014, but as of 2022 the company has 38 aircraft for operation and the Nigerian airline operator is set to cross the 40-fleet mark in 2023, as over 25 aircraft are on order.

Interestingly, Air Peace is the only non-national carrier to make the list, as other airline operators are partly owned or controlled by the government of their country.

Air Peace, which is West Africa’s largest carrier, mostly operates Embraer, Airbus and Boeing aircraft, transporting its passengers to about 20 domestic routes, seven regional skies and three international destinations.