Embraer Bags $288M Aircraft Oder From Nigeria's Air Peace
Portfolio Pulse from Shivani Kumaresan
Nigeria-based Air Peace has placed a firm order for five Embraer SA (NYSE:ERJ) E175 aircraft, valued at $288.3 million. Deliveries will start in 2024. This aligns with Air Peace's strategy of modernizing its fleet and becoming the operator of Africa's largest and youngest aircraft fleet. Embraer is committed to supporting the establishment of local maintenance capabilities in Nigeria.
September 15, 2023 | 9:09 am
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Embraer SA has received a $288.3M order from Air Peace for five E175 aircraft. This aligns with Air Peace's fleet modernization strategy and Embraer's commitment to support local maintenance capabilities in Nigeria.
The firm order from Air Peace is a positive development for Embraer SA, indicating strong demand for its E175 aircraft. This could potentially boost the company's revenues and profitability in the future. However, the impact on the stock price may not be immediate as deliveries will only start in 2024.
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