Air Peace signs $288m aircraft supply deal with Embraer

Nigeria based Air Peace has placed an order for five Embraer E175 aircraft.

Deliveries of the 88 seat aircraft will 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,Air Peace said.

Chairman and CEO of Air Peace, 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.

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Air Peace is West Africa’s biggest airline. In 2019, signed a firm order for 10 E195-E2 jets with Embraer, worth $2.12 billion.

Brazil-based Embraer has businesses in commercial and executive aviation, defense and 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.