7 Founders to Know in Nigeria’s $1.7 Billion Aviation Scene

The Nigerian aviation sector remains a vital yet underdeveloped part of the economy. Contributing $1.7 billion to GDP, its impact is significant but still far behind South Africa’s $12 billion aviation industry. 

Despite challenges like limited infrastructure and high operating costs, a group of determined entrepreneurs have made remarkable strides in developing local airlines. Here are some of these founders who are shaping Nigeria’s aviation landscape.

Kunle Soname – Founder of ValueJet

Kunle Soname, an entrepreneur and sports enthusiast, founded ValueJet in 2018 to provide Nigerians with safe, reliable, and affordable air travel. His background includes founding Bet9ja, a leading betting platform, and owning Remo Stars Football Club, reflecting his passion for innovation across industries.

ValueJet began operations in 2022 with a fleet of Bombardier CRJ900 jets. The airline offers domestic flights to major cities like Lagos, Abuja, Port Harcourt, and Yola. Soname’s focus is on efficiency and customer satisfaction, aiming to bridge the gap between affordability and premium service in Nigeria’s aviation sector.

Beyond aviation, Soname’s influence extends to sports development and philanthropy. In 2022, he was honored as a patron at the University of Lagos for his contributions to community growth.

Allen Ifechukwu Onyema – Founder of Air Peace

Allen Ifechukwu Onyema is a lawyer and entrepreneur who founded Air Peace in 2013. His vision was rooted in creating economic opportunities for Nigerian youth while also providing affordable and reliable air travel. Over the years, Air Peace has grown into Nigeria’s largest private airline, known for its diverse fleet and broad range of destinations.

Air Peace operates a mix of aircraft, including Boeing 737s, Boeing 777s, Dornier 328s, Embraer 145s, Embraer 195-E2s, and Airbus 320s. This fleet supports its operations across domestic and international routes such as Accra, Sharjah, and Johannesburg. The airline has also played a critical role in regional integration, connecting Nigerian cities to neighboring West African countries.

Onyema’s leadership is notable for his commitment to social causes. For example, Air Peace provided free evacuation flights for Nigerians stranded in South Africa during xenophobic attacks in 2019. His efforts have positioned Air Peace as a leader in both business and corporate social responsibility.

Captain Edward Boyo – Founder of Overland Airways

Captain Edward Boyo established Overland Airways in 2002 to connect Nigeria’s remote regions with its urban centers. 

The airline operates a fleet of ATR turboprops and Beechcraft aircraft, catering to domestic routes like Lagos, Abuja, Ilorin, and Akure.

In addition to Overland Airways, Boyo is the managing director of Landover Company Limited, an aviation services provider offering training, logistics, and consulting. He is also the publisher of Aviation & Allied Business Africa Journal, highlighting his commitment to industry development.

Boyo’s focus on regional connectivity has earned Overland Airways a reputation for reliability and service excellence, making it a vital part of Nigeria’s transportation network.

Prof. Obiora Okonkwo – Founder of United Nigeria Airlines

Prof. Obiora Okonkwo, an accomplished academic and entrepreneur, founded United Nigeria Airlines in 2020. The airline operates domestic routes with a focus on safety and reliability.

Okonkwo’s extensive academic background includes a PhD in Political Science and degrees in Economics and Management. His entrepreneurial ventures span multiple sectors, from media to trade, showcasing his versatility.

United Nigeria Airlines is one of the fastest-growing careers in the country, reflecting Okonkwo’s commitment to excellence. His leadership has earned him several awards, including The Sun Entrepreneur of the Year Award.

Jacky Hathiramani – Founder of Dana Air

Jacky Hathiramani, born in Jos, Plateau State, is the founder of Dana Air, launched in 2006. With a background in business administration from the European Business School of London, Hathiramani has combined his academic knowledge with entrepreneurial drive to create one of Nigeria’s most reputable airlines.

Dana Air is recognized for its excellent customer service and punctuality. The airline was among the first to introduce premium services at affordable rates, catering to both business and leisure travelers. Despite setbacks, including a tragic accident in 2012, Dana Air has rebuilt its reputation through transparency and operational improvements.

Hathiramani’s business acumen extends beyond aviation. 

As the Group Managing Director/CEO of Dana Group of Companies, he oversees ventures in steel, transportation, and pharmaceuticals, contributing to the diversification of Nigeria’s economy.

Alhaji Dahiru Barau Mangal – Founder of Max Air

Dahiru Mangal is the founder of Max Air, originally established in 2006 as Mangal Airlines before rebranding in 2008. Initially focusing on Hajj pilgrimage flights, Max Air has since expanded into domestic and international operations, serving routes across Nigeria, Africa, and the Middle East.

The airline’s fleet includes Boeing 747s and Boeing 737s, which support its growing network. Mangal is also involved in other industries through his conglomerate, AFDIN Group, which spans construction, oil, and agriculture.

Mangal’s contributions extend beyond business. He is known for his philanthropic work, particularly in education and support for internally displaced persons. His leadership has made Max Air a significant player in Nigeria’s aviation sector.

Babawande Afolabi – Founder of Green Africa Airways

Babawande Afolabi founded Green Africa Airways in 2015 with the vision of creating a low-cost airline for Nigerians. Inspired by his background in investment banking and his passion for transportation, Afolabi launched the airline with initial funding from friends and institutional investors.

Green Africa began operations in 2021 with leased ATR 72-600 aircraft. Despite early challenges, including delays caused by the COVID-19 pandemic, the airline has established itself as a cost-effective option for domestic travelers.