Air Peace Expands Fleet with $288.3M Investment in Five Embraer E175s

Nigeria’s leading airline, Air Peace, has secured an order for five Embraer E175 jets, valued at $288.3 million, aiming to modernize its fleet and expand its domestic and regional reach. This investment aligns with the airline’s ambition to operate Africa’s largest and most modern aircraft fleet.

Slated for delivery in 2024, the 88-seat aircraft are expected to fortify Air Peace’s domestic and regional network. These new aircraft will integrate seamlessly with Air Peace’s existing lineup, which includes Embraer’s latest and most sizeable jet, the E195-E2. The diverse fleet will allow the airline to better adjust capacity according to demand, maintaining route profitability.

Allen Onyema, Chairman and CEO of Air Peace, discussed the acquisition at the Aviation Africa Summit in Abuja. He emphasized that the move is crucial for achieving the airline’s mission to establish a robust network within Nigeria and across Africa. 

Onyema said the new planes would further enable the company’s “no-city-left-behind” initiative and facilitate the development of local maintenance facilities in Nigeria, with support from Embraer.

Stephan Hannemann, Vice President of Sales & Marketing and Head of Africa & Middle East Region for Commercial Aviation, praised Air Peace for its strategic thinking and innovation. 

According to Hannemann, the E175 jets will offer passengers increased seating and comfort compared to the existing ERJ145 fleet. Additionally, the cockpit commonality between the E1 and E2 series will simplify aircrew expenses and management.

Hannemann also confirmed that Embraer, in collaboration with Air Peace, is committed to supporting the development of local aircraft maintenance capabilities in Nigeria. This brings the total number of brand-new firm aircraft ordered by Air Peace from Embraer to 18, marking a significant milestone for the airline.