ERJ - Embraer Announces: Air Peace Orders Five New E175s For Fleet Expansion and Renewal | Benzinga
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 ...