Embraer Secures Contract From Overland Airways For Up To Six E175s

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.

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