Sunday, November 11, 2007

Dubai Air Show: Virgin Nigeria buys Embraer jets. Dana enters airline industry

Brazil's Embraer has agreed to sell 10 aircraft to Virgin Nigeria in a deal that could be worth $811 million, the planemaker said on Sunday. Virgin Nigeria agreed to buy seven Embraer 170 aircraft and three 190s, it said in a statement at the Dubai Airshow. The deal gives the airline the option to buy six more 190s and purchase rights for eight 190 and 195 aircraft, it said. The deal would be worth $811 million if all options were exercised, Embraer said. COURTESY REUTERS

The E-170 is a regional jet in the class of the Bombardier CRJ-900, and this deal is indicative of the immediate vision of Virgin Nigeria. Whereas Arik seems to be going intercontinental, VK seems to be concentrating on regional routes. No matter the strategy, we welcome the fact that new planes are being added to Nigeria's register everyday. It is a total win-win situation. Congrats VK. Meanwhile, DANA Group Lagos, will be entering the airline industry with two brand new business jets.


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