Nigerian business aviation firm, Falcon Aerospace, is making significant strides toward global expansion, as demonstrated by its participation in the Invest in Africa Conference (AFSIC) in London from October 7th to 9th, 2024.
AFSIC, the largest annual Africa investment conference held outside the continent, will serve as a platform for Falcon Aerospace to seek investment opportunities and strengthen its position in the business aviation market.
Falcon Aerospace is a sponsor of the event and will showcase its services and network with potential investors. The company’s CEO, Chukwuerika Achum, will also be a speaker at the conference, sharing insights on the role of business aviation in Africa’s economic growth. “Falcon Aero is committed to the vision of a prosperous Africa,” Achum stated.
“To actualise this vision, there must be seamless connectivity of people, ideas, and culture, and we believe in the power of business aviation to facilitate this connectivity across borders.”
The African business aviation market is experiencing rapid growth, currently valued at $1.09 billion and projected to reach $2.14 billion by 2030, with an estimated compound annual growth rate (CAGR) of 11.98%. Falcon Aerospace, with its growing fleet, expanding routes, and increasing customer base, is well-positioned to capitalize on this growth and drive innovation in the sector.
Chief Operating Officer, Tejumade Salami, highlighted the company’s progress over the last two years, emphasizing the firm’s commitment to improving accessibility and affordability without compromising luxury and safety. “From the beginning, we set out to democratize business aviation services. Today, our operations continue to expand outside Nigeria, and we are seeking investments and partnerships to fuel this expansion,” Salami said.
Falcon Aerospace will be joining over 1,500 influential investors, dealmakers, and business leaders at AFSIC, where more than 350 speakers will discuss Africa’s economic transformation and investment opportunities.
The company offers a range of services, including private jet charter, aircraft maintenance, sales, and fractional ownership, and operates multiple brands such as Vivajets, Charterxe, and FlyPJX.
According to Basil Agbor, Head of Products and Innovation, “Innovation and technology have been critical factors in our success story. We are building products that integrate digital technology with tailored service delivery to enhance the booking and travel experience.”
He added: “As we join Africa’s premier investment event, we’re excited to connect with visionary investors who share our passion for advancing the private aviation sector”.
The event aims to highlight some of the most attractive investment prospects across the continent.
