Dubai Airshow: Embraer signs first contracts

Embraer

Since the beginning of Dubai Airsow 2019, Embraer received firm orders for three E195-E2 regional jets from Air Peace in Nigeria, and for three E190s from the Egyptian company CIAF Leasing.

Air Peace, the largest airline in West Africa, signed a firm order for three E195-E2s on November 17, 2019, confirmed from purchase rights for ten aircraft it signed in April 2019. According to current list prices, the three aircraft have a value of $212.6 million. The regional jets will be configured in a dual-class arrangement with 124 seats.

The Nigerian airline based in Lagos airport (LOS) will be the launch customer of the E2 family in Africa. With this new order, Air Peace now expects thirteen E195-E2s, with the first delivery scheduled for the second quarter of 2020.

“The E195-E2 is the perfect aircraft to expand our operations in Africa and this new order is a further confirmation of our ‘no-city-left-behind initiative which we shall continue to execute,” Air Peace Chairman and CEO Allen Onyema said in an official statement.

The same day, Cairo-based CIAF Leasing signed a firm order for three Embraer E190 aircraft. The deal is valued at $161.4 million at current list prices.

The three new aircraft will join CIAF’s existing fleet of three E170s, two of which are currently on lease with Jasmin Airways, the other with Air Cairo. CIAF should also receive two E195s by the end of November 2019.

“The three new E190s will be an excellent addition to our growing fleet of Embraer E-Jets. With a fleet of E170s, E190s, and E195s, CIAF will have the flexibility to offer to both our wet and dry lease customers a service that fits their needs exactly,” said Hassan Mohamed, Chairman and CEO of CIAF Leasing in an official statement.

Both orders will be added to Embraer’s fourth-quarter backlog.

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