Embraer Secures Contract From Overland Airways For Up To Six E175s

November 15, 2021 3:15 PM | 1 min read |

Embraer SA ERJ received a firm order for three new E175, plus three purchase rights for the same aircraft model, with Overland Airways, from Nigeria.
The 88-seat aircraft, with premium class cabin configuration, will be delivered from 2023. The deal is worth $299.4 million at list price, with all purchase rights being exercised.
"We are seeing growing long-term demand for rightsized aircraft to deliver profitable domestic connections in Nigeria," noted Cesar Pereira, VP for Europe, Middle East and Africa, Embraer Commercial Aviation.
Price Action: ERJ shares are trading higher by 3.61% at $16.79 on the last check Monday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.