Embraer, Air Peace Firm Up Order For 10 E195-E2 Jets

(RTTNews) - Embraer (ERJ) announced Wednesday that it has signed a firm order for 10 E195-E2 jets with Nigeria's largest airline Air Peace, also the largest airline in West Africa. The order was announced during the Embraer's Africa Airline Business Seminar, in Mauritius.

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 $2.12 billion, based on current list prices. The order will be included in Embraer's 2019 second-quarter backlog.

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 subsidiary, Air Peace Hopper, started operating six ERJ145 last year on short thin routes.