ABUJA,
Nigeria, Sept. 14, 2023 /PRNewswire/ --
Nigeria based Air Peace,
West Africa's largest airline, has
placed a firm order for five Embraer (B3: EMBR3, NYSE: ERJ) E175
aircraft. This strategic decision marks a significant step forward
and is in alignment with Air Peace's ongoing strategy of
modernising its fleet. This acquisition is in line with Air Peace's
determination to become the operator of the largest and youngest
fleet of aircraft in Africa. It reinforces Air Peace's
commitment to enhancing its domestic and regional network
connectivity and paves the way for further regional expansion.
Deliveries of the 88 seat aircraft start in 2024. The value of the
order, at list price, is US$288.3m.
Already an operator of Embraer's newest and largest jet, the
E195-E2, these smaller aircraft will complement the airlines'
existing fleet, allowing Air Peace to dynamically match capacity to
demand, protecting yields and route viability.
The Chairman and CEO of Air Peace, Mr Allen Onyema, said: "This is another important
step in helping to realize our ambition to connect the whole of
Nigeria with the entire African
continent, while also feeding passengers into long-haul flights
from our Lagos hub. The
acquisition enables us to continue delivering on our
'no-city-left-behind' initiative – connectivity is what our
passengers, and Africa, demand.
The deal also paves the way to establish local maintenance
capabilities in Nigeria, with
direct support from Embraer."
"Air Peace's strategic and innovative approach continues to make
them a powerhouse of aviation success in West Africa. Already an E2 operator, it now
makes sense to upgauge their ERJ145 fleet, offering passengers more
seats and comfort with the E175. The commonality of the cockpits
between the E1 and E2 fleet also simplifies aircrew costs and
management. Acknowledging Air Peace's significant investment in the
acquisition of the Embraer fleet of aircraft, which has increased
to 18 brand new firm aircraft to date, Embraer, in partnership with
Air Peace is committed to directly supporting the establishment of
local maintenance capabilities in Nigeria," said Stephan
Hannemann, VP Sales & Marketing, Head of Africa & Middle East Region, Commercial
Aviation.
Images:
https://embraer.imagerelay.com/share/69be086e5af2416daf166f6469bfa276
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial
and Executive aviation, Defense & Security and Agricultural
Aviation. The company designs, develops, manufactures and markets
aircraft and systems, providing Services & Support to customers
after-sales.
Since it was founded in 1969, Embraer has delivered more than
8,000 aircraft. On average, about every 10 seconds an aircraft
manufactured by Embraer takes off somewhere in the world,
transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150
seats and the main exporter of high value-added goods in
Brazil. The company maintains
industrial units, offices, service and parts distribution centers,
among other activities, across the Americas, Africa, Asia
and Europe.
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SOURCE Embraer S.A.