Embraer signs new aircraft orders with CIAF Leasing and Air Peace

Air Peace, Embraer signing ceremony at the Dubai Air Show

Embraer and Cairo-based CIAF Leasing have signed a firm order for three E190 aircraft. The deal has a value of US$161.4 million at current list prices and will be added to Embraer’s fourth-quarter backlog. The three new aircraft will join CIAF’s existing fleet of three E170s, two of which are on lease with Jasmin Airways, the other with Air Cairo. CIAF is also due to receive two E195s in mid-November.

Furthermore Air Peace has decided to order three additional E195-E2s, confirming purchase rights from the original contract, signed in April this year. The order was signed on November 17, at the Dubai Air Show.

These new E195-E2s will be included in Embraer’s 2019 fourth-quarter backlog and have a value of US$212.6 million, based on Embraer’s current list prices. Set to be the first E-Jets E2 operator in Africa, Air Peace’s firm order, announced in April this year, is now for 13 E195-E2s with 17 purchase rights for the same model. The first delivery is scheduled for the second quarter of 2020.

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