Home / Business & Economy / Finance & Investment / Air Peace, Embraer ink $2.1bn deal for 30 brand new E195-E2 jets
Air Peace Chairman/Chief Executive Officer, Mr. Allen Onyema (sitting, left), Embraer Chief Commercial Officer, Mr. Arjan Meijer (sitting, right), standing from left: Air Peace Embraer Engineer, Mr. Charles Melomney, Chief Operating Officer, Mrs. Oluwatoyin Olajide, Chief of Finance and Administration, Mrs. Ejiro Eghagha, Embraer VP Sales and Marketing, Middle East and Africa, Mr. Raul Villaron and Sales Director, Africa, Francisco Moraes during the signing of a contract for 30 brand new Embaer 195-E2 aircraft between Air Peace and Embraer at Embraer Business Meeting with the Aviation World in Port Louis, Mauritius on Wednesday

Air Peace, Embraer ink $2.1bn deal for 30 brand new E195-E2 jets

AIR PEACE today (Wednesday) set a continental record in Africa with the signing of a US$2.1bn deal for 30 brand new Embraer 195-E2 aircraft.

The deal which was unveiled during Embraer Business Meeting with the Aviation World in Port Louis, Mauritius, makes Air Peace the first to order the brand of jets in the whole of Africa, thereby becoming the official launch customer of the brand of aircraft in Africa.

The order comprises a firm order for 10 brand new Embraer 195-E2 aircraft and purchase rights for a further 20 E195-E2 jets.

Livery of one of the 30 brand new Embraer 195-E2 aircraft

The aircraft is a 124 seater jet in dual class and 146-seater jet in single class configurations respectively.

With all purchase rights exercised, the contract has a value of US$2.12 billion based on current list prices.

The carrier also set a regional record in September 2018 when it ordered 10 brand new aircraft from Boeing, increasing its fleet size then to about 37 aircraft. With the new order, Air Peace’s fleet size has increased to 67 aircraft.

Shortly before the firm order for 10 brand new aircraft from Boeing, Air Peace set a domestic record as the first Nigerian airline to acquire and register the Boeing 777 aircraft in the country. Three of the four wide-body aircraft it acquired for its long-haul operations to Dubai, Sharjah, Johannesburg, London, Houston, Guangzhou and Mumbai have so far been delivered.

Speaking on the latest order in faraway Port Louis, Air Peace Chairman/Chief Executive Officer, Mr. Allen Onyema said: “Embraer’s new E195-E2 presents us with a marvel of economic performance. It’s also great that we will be the first E2 operator on the African continent. We already have the ERJ145s in our fleet, so we understand the high standards of Embraer products.”

The E195-E2 aircraft, he said, would strengthen Air Peace’s drive to deploy the right kinds of aircraft to underserved and unserved domestic and regional routes under its no-city-left-behind project.

Onyema thanked President Muhammadu Buhari for creating an enabling environment for the growth of aviation in Nigeria through waving customs duties on commercial aircraft, engines and spares as well as granting value-added tax (VAT) waiver.

“Without these noble gestures from my President (Muhammadu Buhari),” he said, “Air Peace would not have been able to achieve this growth. Thank you very much, Mr. President”.

For his part, Vice President, Sales Africa, Embraer Commercial Aviation, Mr. Raul Villaron said: “Air Peace embodies the kind of pioneering spirit Embraer loves. The airline was established to bring highly skilled work opportunities to the people of Nigeria, boosting connectivity, and therefore the economy, in the region. Air Peace has delivered on both aims, while at the same time developing a fast-growing successful airline. It’s great to have them on board.”

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