[et_pb_section fb_built=”1″ _builder_version=”4.4.7″ custom_padding=”22px||0px|||”][et_pb_row _builder_version=”4.4.7″][et_pb_column type=”4_4″ _builder_version=”4.4.7″][et_pb_text _builder_version=”4.4.7″ hover_enabled=”0″ text_font=”Montserrat||||||||”]
Embraer just reported that Congo Airways converted its firm order made in December 2019 for two E175s with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two. The deal is valued at $256m at list prices.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.7″ custom_padding=”14px||13px|||”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.4.7″][et_pb_column type=”3_5″ _builder_version=”4.4.7″][et_pb_text _builder_version=”4.4.7″ hover_enabled=”0″ text_font=”Montserrat||||||||”]
Reflecting, perhaps, a sense among many airline managements that the pandemic impact has started to bottom out, Desire Bantu, CEO of Congo Airways said: “Despite the current difficult circumstances, the fundamentals of our market have not changed; so we expect the momentum we’ve seen in the past to redevelop. I said in December that we may need to make an additional order for E2s due to the agility required to adapt to market changes – we have now reached that point.”
[/et_pb_text][/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.4.7″][et_pb_image src=”https://airinsight.com/wp-content/uploads/2020/05/congoEjet.jpg” title_text=”congoEjet” _builder_version=”4.4.7″ hover_enabled=”0″ border_radii=”on|50px|50px|50px|50px” border_color_bottom=”#a30529″ border_width_bottom=”4px”][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.4.7″][et_pb_column type=”4_4″ _builder_version=”4.4.7″][et_pb_text _builder_version=”4.4.7″ hover_enabled=”0″ text_font=”Montserrat||||||||”]
Given the highly stressed period, commercial aviation has been these past two months, announcing a revised order reflects, potentially, a return to better times. This is a small deal, but under the circumstances, it carries a larger impact than might have even three months ago.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Views: 22
