Abu Dhabi, UAESaturday 14 December 2019

Brazil's Embraer receives orders for six new planes at Dubai Airshow

Deals were signed with Nigeria's Air Peace and Egyptian lessor CIAF Leasing

Embraer shows off some of its portfolio of aircraft at the Dubai Airshow. AFP
Embraer shows off some of its portfolio of aircraft at the Dubai Airshow. AFP

Brazilian plane maker Embraer has signed two deals at the Dubai Airshow, covering the sale of six planes for a combined total of $374 million (Dh1.37bn).

The company has signed an agreement worth $212.6m at current list prices for three E195-E2 planes with Nigeria's Air Peace, and another with CIAF Leasing from Cairo for $161.4m for three E190 jets at list prices.

The deal with Air Peace follows an earlier agreement with the airline in April this year, for 10 planes with purchase rights for 20 more. Air Peace is now taking delivery of 13 planes and still has the right to purchase 17 more under the terms of the original pact. The first planes are scheduled for delivery in the second quarter of next year, Embraer said.

“The E195-E2 is the perfect aircraft to expand our operations in Africa," said Air Peace chairman and chief executive, Allen Onyema.

"We look forward to receiving our first aircraft, which will enhance connectivity in Nigeria and the African region, while feeding long-haul flights from our Lagos hub.”

Embraer manufactures smaller commercial jets of up to 150 seats and military aircraft. The company's commercial division is in the midst of being acquired by US plane maker Boeing, although the transaction is set to face scrutiny from regulators in the European Union, who have expressed concern about the impact on competition.

The deal signed with CIAF will bring the total number of aircraft supplied to the company to six. Two of the three existing planes are leased to Tunisian operator Jasmin Airways and the other to Air Cairo.

“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,” said CIAF chairman and chief executive, Hassan Mohamed.

Updated: November 20, 2019 11:12 AM

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