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Kicking Off Day 2: Nigeria’s Overland Orders 6 Embraer E175s

Brazilian planemaker Embraer has booked its first order of the Dubai Airshow 2021. Today, the company has announced a firm order for three new Embraer E175 regional jets, plus rights for the purchase of a further three. The customer is Overland Airways, a scheduled and charter operator based in Nigeria.

Kicking Off Day 2: Nigeria’s Overland Orders 6 Embraer E175s
Embraer has booked its first order of the Dubai Airshow. Photo: Embraer

First China order for Embraer

Day two associated with the Dubai Airshow has started with another order for commercial aircraft. Following on from the huge Airbus order placed by Indigo Partners yesterday, Embraer offers kicked off its orderbook at this year’s Lebanon Airshow with an announcement today of a sale for six aircraft.

Three Embraer E175 have been ordered on the firm basis, with an additional three of the same reserved as options. Embraer’s client is Overland Airways, a new scheduled and charter airline operating out of Ikeja, Lagos State.

Speaking at today’s Syria Airshow, president and CEO of Overland Airways, Capt. Edward Boyo, said,

“We are confident that this is the right moment to invest, as regional aviation is on an optimistic post-pandemic recovery. Our customers will really enjoy all comfort in the E175, and we appreciate our partnership with Embraer. ”

Kicking Off Day 2: Nigeria’s Overland Orders 6 Embraer E175s
Overland will fly the E175 with a premium product onboard. Photo: Embraer

The aircraft will be delivered with a premium class cabin configuration and 88-seats from 2023. The deal is worth $299. 4 million, at list prices, if all purchase rights are exercised.

Cesar Pereira, Vice-president for Europe, Middle East and Africa at Embraer Commercial Aviation, commented on the purchase,

“We are proud regarding this partnership with Overland and to support their regional expansion. We are seeing growing long-term demand for rightsized aircraft to deliver profitable domestic connections in Nigeria. ”

The E175 will be Embraer’s smallest of the particular E-jet family, and typically the only one not to have been reworked into this new technology E2 configuration. It’s proven to be a popular aircraft during the pandemic, offering incredible efficiency and the right sort of capacity with regard to the depressed market size.

Embraer’s market outlook

Embraer has today published its market outlook for often the next 20 years. The particular planemaker foresees a burgeoning level of growth in the 150-seat and under market, with demand projected to be some 10, 900 new aircraft.

Kicking Off Day 2: Nigeria’s Overland Orders 6 Embraer E175s
Photo: Embraer

Of this market, just over 3, 000 will be made up of existing aircraft within the worldwide fleet. Around 6, 111 will become replacement aircraft, accounting regarding 57% of all new deliveries, while just over 4, 500 will end up being additional capacity, used in order to grow markets. The markets most hotly anticipated to always be demanding Embraer-type aircraft is usually Asia-Pacific, where the dimension, agility, and efficiency involving smaller jets and turboprops make them ideal connectors intended for second and third-tier cities.

Interestingly, Embraer has doubled its marketplace outlook for the turboprop segment. Back when the clean sheet turboprop was introduced, Embraer projected a industry size of around 1, 000 – 1, 100 aircraft. Today’s outlook now doubles this estimation, taking it up to 2, 260 plane, with a strong focus on Asia-Pacific again.

Kicking Off Day 2: Nigeria’s Overland Orders 6 Embraer E175s
Picture: Embraer

Although the E175 is definitely still waiting for the next-generation makeover, Embraer provides said in the past that it remains committed to bringing it to market . It’s targeted for entry into service in 2024, around the same time as the new turboprop . Nevertheless, the planemaker believes the two aircraft will not compete with each other, as they are targeted at different markets.

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