Home Latest Insights | News Nigeria’s Air Peace Sets Record – Orders New Embraer Aircrafts for US$2.12 billion

Nigeria’s Air Peace Sets Record – Orders New Embraer Aircrafts for US$2.12 billion

Nigeria’s Air Peace Sets Record – Orders New Embraer Aircrafts for US$2.12 billion

West and Central Africa’s largest airline, Air Peace, sets record – orders new Embraer aircrafts for US$2.12 billion. While those PowerPoint consultants are talking thrash about Nigeria, we have a nation rising to the mountain-top. You do not invest $2.12 billion via aviation if an economy does not have life. I have always tracked the state of health of Nigeria by climbing those tall buildings in Marina Lagos, whenever in town, to see shipping traffic. Irrespective of whatever they write in Economist or show on CNN, if I see the ships coming and leaving, benchmarking my last count, I make my call. Nigeria has shown consistent promise.

Sure, we need to do better in Nigeria but to write Nigeria off is sheer stupidity. People confuse Nigeria with our politicians without knowing that Nigeria has the finest entrepreneurial minds in Africa. and can make real impacts globally if our politicians can show up.

Nigeria is emerging. Congrats Mazi Onyema. You are serving your nation well.

Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

WEST and Central Africa’s biggest airline, Air Peace, today set a continental record with a firm order for 10 brand new Embraer 195-E2 aircraft.

The deal which was unveiled today 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 purchase rights for a further 20 E195-E2 jets. 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.

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 an 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.”

 


---

Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.

No posts to display

1 THOUGHT ON Nigeria’s Air Peace Sets Record – Orders New Embraer Aircrafts for US$2.12 billion

Post Comment

Please enter your comment!
Please enter your name here