Overland Made Embraer Orders At The Right Investment Time, Says CEO
Chief Executive Officer of Overland Airways, Capt. Edward Boyo says the airline’s firm order for three new Embraer E175 regional jets, plus rights for the purchase of another three, which was made yesterday at the Dubai Airshow 2021 was based on the confidence that the right moment for investment is here.
“We are confident that this is the right moment to invest, as regional aviation is on an optimistic post-pandemic recovery,” he said.
The deal is worth $299.4 million, at list prices, if all purchase rights are exercised and the aircraft will be delivered with a premium class cabin configuration and 88-seats from 2023.
Vice-president for Europe, Middle East and Africa at Embraer Commercial Aviation, Cesar Pereira, commented on the order: “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.”
The E175 is Embraer’s smallest of the E-jet family, and the only one not to have been reworked into the new technology E2 configuration. It has proven to be a popular aircraft during the pandemic, offering incredible efficiency and the right sort of capacity for the depressed market size.
The aircraft will enable Overland Airways increase its domestic flights and expand more regional routes. “Our customers will really enjoy all comfort in the E175, and we appreciate our partnership with Embraer,” said Boyo.