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Home BUSINESS / ENTREPRENEURSHIP

Allen Onyema Buys Five New Embraer E175s Aircraft Valued At 200 Billion.

Onyeka by Onyeka
September 17, 2023
in BUSINESS / ENTREPRENEURSHIP
US court acquits Air Peace boss, fines Mayfield $4000
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Air Peace has placed a firm or­der for five Embraer E175 aircraft valued at $288.3 million.

The firm order was placed on the second day of the 7th annual Aviation Summit held in Nigeria.

Mr. Allen Onyema, the Chair­man, Air Peace, who signed on behalf of the airline, described the decision as strategic.

Onyema explained that this marked a significant step for­ward in the operations of the air­line and was in alignment with the airline’s ongoing strategy of modernising its fleet.

He maintained that the acqui­sition was also in line with Air Peace’s determination to become the operator of the largest and youngest fleet of aircraft in Afri­ca, stressing that it reinforces Air Peace’s commitment to enhanc­ing its domestic and regional network connectivity and paves the way for further regional ex­pansion.

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The airline said that deliveries of the 88 seat aircraft would start in 2024.

Already an operator of Em­braer’s newest and largest jet, the E195-E2, these smaller aircraft would complement the airlines’ existing fleet, allowing Air Peace to dynamically match capacity to demand, protecting yields and route viability.

He 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.”

Also commenting, Stephan Hannemann, Vice President, Sales & Marketing, Head of Af­rica & Middle East Region, Com­mercial Aviation, emphasised that Air Peace’s strategic and in­novative approach continued to make it a powerhouse of aviation success in West Africa.

He said already, an E2 oper­ator, it now makes sense to up gauge their ERJ145 fleet, offering passengers more seats and com­fort with the E175, stressing that the commonality of the cockpits between the E1 and E2 fleet also simplifies aircrew costs and man­agement.

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