Embraer has announced that it has signed an agreement with Overland Airways to buy three new E175 plus purchase right for three others of same model of aircraft at the Dubai Air Show. The 88-seat aircraft, with premium class cabin configuration, will be delivered from 2023.
The deal is worth at USD 299.4 million, at list price with all purchase rights being exercised. These aircraft will increase the domestic flights and allow Overland Airways to expand more regional routes.
Capt. Edward Boyo, Overland Airways CEO, states: “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.”
Cesar Pereira, Embraer Commercial Aviation Vice-president for Europe, Middle East and Africa, noted: “We are proud of this partnership with Overland and to support their regional expansion. We are seeing growing long-term demand for right sized aircraft to deliver profitable domestic connections in Nigeria.”
During the pandemic, the E175 has been a vital tool for many regional airlines, as they are perfectly suited to rebuilding network, enhancing frequencies and efficiently adding capacity to meet demand that has been gradually recovering.