Air Peace orders 10 Embraer E195-E2 aircraft

posted on 8th April 2019 by Justin Burns

Embraer has signed a firm order for 10 E195-E2 jets with Air Peace – Nigeria’s largest airline.

With this order, Air Peace will become the first E-Jets E2 operator in Africa. The contract includes purchase rights for a further 20 E195-E2. With all purchase rights being exercised, the contract has a value of US$2.12 billion, based on current list prices.

Air Peace has grown rapidly since it commenced flight operations in 2014 and is now the largest airline in West Africa. The airline intends to address the significant untapped demand in the African market with the E195-E2, the newest, most efficient, and most comfortable aircraft in the segment.

Air Peace chairman and chief executive officer, 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.”

Embraer Commercial Aviation chief commercial officer, Arjan Meijer said: “The market in Africa presents significant opportunities for airlines to deliver the connectivity that the whole continent needs.

“Aircraft however must be right-sized to develop those routes profitably; more than 90% of intra-African flights depart with fewer than 150 passengers onboard. And more than 70% of markets are served with less than one flight per day.”

Air Peace subsidiary, Air Peace Hopper, started operating six ERJ145 last year on short thin routes. That experience with Embraer’s products, and the undeniable economic benefits of right-sizing aircraft for the mission, was a key factor in selecting the E2.