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Air Peace Owner Allen Onyema Orders 5 New Aircraft Worth Over N200bn, Reveals Plans
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Air Peace Owner Allen Onyema Orders 5 New Aircraft Worth Over N200bn, Reveals Plans

by  Dave Ibemere 2 min read
  • Air Peace has placed an order for five new aircraft to add to its fleet, believed to be worth over N200 billion
  • The new aircraft, called Embraer E175 aircraft, will further help position the company as Nigeria's largest airline
  • Air Peace owner Allen Onyema revealed this while speaking on President Bola Tinubu's recent visit to the United Arab Emirates

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Air Peace, Nigeria’s largest airline is set to buy five new Embraer E175 aircraft worth $288.3 million( over N220 billion).

Allen Onyema, the chairman and CEO of Air Peace, said the new aircraft will help the company's ongoing effort at modernising its fleet.

Air Peace buys new airlines
Air Peace owner Allen Onyema wants government support for local airlines. Photo credit: @flyairpeace
Source: UGC

Businessday reports that the new aircraft ordered is an 88-seat aircraft, and it will be delivered in 2024.

Onyema, the chairman and CEO of Air Peace, noted:

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“This is another important step in helping to realize our ambition to connect the whole of Nigeria with the entire African continent, while also feeding passengers into long-haul flights from our Lagos hub.
“The acquisition enables us to continue delivering on our ‘no-city-left-behind’ initiative – connectivity is what our passengers, and Africa, demand.
"The deal also paves the way to establish local maintenance capabilities in Nigeria, with direct support from Embraer.”

More seats and comfort

Also, at the event, Stephan Hannemann, the VP of sales and marketing and head of the Africa & Middle East Region of Commercial Aviation, praised Air Peace for its contribution to aviation success in West Africa.

“Air Peace is already an E2 operator, it now makes sense to upgrade their ERJ145 fleet, offering passengers more seats and comfort with the E175. The commonality of the cockpits between the E1 and E2 fleet also simplifies aircrew costs and management."

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Air Peace, others get new rival as Kano billionaire buys N4.2bn aircraft

In another report, Rano Air will soon be flying over Nigerian airspace after receiving approval from the federal government.

The airline is owned by Kano-born business mogul and oil magnate Alhaji Auwalu Abdullahi Rano.

Rano has spent over N4.2 billion buying a new aircraft to start the airline operation.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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