Allen Onyema: Air Peace Operating Beyond Profit

November 14, 2022
Air Peace Chairman Hails Ibom Air On Acquiring Airbus Aircraft

In 2014, Air Peace took to the airspace in Nigeria. This move was 10 years after Arik Air launch, six years after Dana Air, and four years after Azman Air was floated.

However, eight years after launch, the Allen Onyema-owned airline has grown to become the leader of Nigeria’s aviation industry. A firm, which began operation as a domestic airline, is now rubbing wings with foreign air shuttles in the international airspace, serving as Nigeria’s flag-bearer in the absence of a national carrier. 

Join our WhatsApp Channel

Air Peace growing by the numbers

Air Peace didn’t start off on a conventional note like its domestic peers. The Nigerian aviation law offered airlines opportunity to start operation with at least three functional aircraft, Air Peace commenced flight operation with seven – but now greets the sky with 40 aircraft. 

Among the 10 domestic airlines operating in Nigeria, the only brand new planes could be found in Air Peace’s aircraft fleet, operating brands like E2 from Embraer, Airbus A320, Boeing B737, Boeing B777, and more. 

Prime Business Africa reports that, as Air Peace increased it aircraft numbers, so did the firm expand its routes as Onyema led the charge for Nigeria to secure a spot on global aviation market after being absent for many years. 

Within eight years, in an industry with 10 domestic airlines – comprising IbomAir, Dana Air, Arik, Max Air, Aero, United Nigeria, Azman Airline, among others –  Air Peace has become the nation’s gateway to the world. 

While its domestic peers are still operating solely in the Nigerian territory, Air Peace has taken up the burden of airlifting Nigerians and foreigners to and fro Dubai, China, Johannesburg, and Israel, indicating a significant growth in the firm’s operations and revenue sources. In 2022, the airline reportedly  operated 699 international flights, transporting 65,037 passengers. 

As of 2019, Air Peace carried over 4.2 million domestic passengers, which saw Onyema’s firm account for 41.65 per cent of domestic market share. 

The number of domestic flights operated in 2021 hit 17,861, with the closest being 9,551 flights by Ibom Air, while airlines that have been in operation long before Air Peace’s advent struggled to record above 10,000 flights. Dana Air reports 9360, Arik 9024, as  Azman Air records 3921. 

Despite its number of flights, Air Peace managed to keep its delayed flights at 55% of total flights, at 9900 flights, performing better than the likes of Arik with 57% delays, Max 60%, Azman 63% and more. 

Air Peace operating beyond profit

Earning a turnover is not all that there is to Air Peace and Onyema, as the growth of the firm has led to 4,000 direct workforce and 9,000 indirect jobs. 

Aside the job opportunities, the airline have not been found wanting in its corporate social responsibility (CSO), always present when Nigerians are in need of a rescue. 

Following the xenophobic attacks experienced by Africans in South Africa in the second half of 2019, Air Peace offered to airlift Nigerians residing in the country, conveying 503 of them back to Nigeria for free – a trip that will normally cost over a hundred thousand of naira per seat. 

A year later, Onyema’s company also provided aircraft to help Nigerians return home from the United Kingdom during the COVID-19 pandemic in 2020, carrying them for $600, below the £2000 foreign airlines charged passengers for same hours of flight. 

Due to his benevolence, Air Peace faced hostile reception in United Kingdom, as UK authorities were unhappy with Onyema’s decision. Sniffer dogs, according ton Onyema, were used to harass Air Peace’s pilots, and other passengers.

Onyema’s altruism isn’t surprising, considering he had said in a previous Prime Business Africa report that, “It’s Nigeria first to me” and “I’m ready to go down for my country.” 

Considering his commitment to Nigerians, the need to ensure that Air Peace continues to thrive in a volatile market where others have failed or struggle to scale is of high importance to government.

Featured Stories

Latest from Business

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Closes With N220bn Gain As Traders Exchange N29bn Shares

The Nigerian Exchange (NGX) recovered from the loss recorded on Wednesday, March 4, with a N220.74 billion gain on Thursday, March 5, as the bourse’s market capitalisation grew to N126.31 trillion. According to the NGX, also known as the stock market, the
Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Mecure, Fidson… Five Largest Pharmaceutical Companies In Nigeria

The market valuation of the six pharmaceutical companies listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N548.35 billion between January 2, 2025, and February 20, 2026, according to analysis by Prime Business Africa. Fidson Healthcare, Mecure

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas (LPG) now sells for about 1,400 naira per kilogramme at retail outlets in parts of Lagos, up from
Previous Story

The Dutch ‘Oranje’ Are Back With A Bang After 2018 Failure 

Why We Endorsed Peter Obi's Candidacy - Ohanaeze
Next Story

Nigeria Needs Reformative Leadership – Peter Obi

Don't Miss

NLC

Breaking: FG, Labor Leaders Rush To Last Minute Meeting Over Strike Fears

In an eleventh-hour effort to thwart the imminent nationwide strike

Kenya 2027: What One Tweet Reveals About Ruto’s Poll Victory

In the sunlit streets of Kondele, Kisumu, President William Ruto