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Business News

Air Peace signs deal with Brazillian aerospace company 

Air Peace has signed a deal with Embraer, a Brazilian aerospace conglomerate, the third-largest producer of aircraft in the world. 

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Air Peace signs deal with Brazillian aerospace company

Air Peace has signed a deal with Embraer, a Brazilian aerospace conglomerate, the third-largest producer of aircraft in the world.

According to Punch, the deal entails Embraer confirming the purchase rights of three E195-E2 aircraft which will be added to the previous orders of Air Peace from the original contract signed by the two companies earlier this year.

This makes Air Peace order of E195-E2 aircraft 13 in number with 17 purchase rights for the same model. Delivery has been scheduled for May 2020.

Air Peace, NCAA, Air Peace gets rights to commence daily flights to South Africa, Air Peace signs deal with Brazillian aerospace company  

Air Peace

The new E195-E2s with a value of $212.6 million, based on Embraer’s current list prices, would be included in Embraer’s 2019 fourth-quarter backlog. The new aircraft would have dual configurations with 12-seater business class and 102-seater economy class.

Speaking about the aircraft deal, Air Peace’s Chief of Finance and Administration, Mrs Ejiroghene Eghagha said the company was positive that the E195-E2 was the perfect aircraft to expand the carrier’s domestic and regional operations.

[READ MORE: DEAL: Visa to acquire 20% stake in Interswitch, valuing it at $1 billion]

Eghagha, who signed the new deal on behalf of the airline at the Dubai Airshow, said the new order would gradually replace the airline’s existing fleet, which would make it the airline with the youngest fleet in the world.

“The new deliveries will ease our subsidiary fleet in the Air Peace Hopper to actualise our ‘no-city-left-behind initiative which we shall continue to execute. 

“We are receiving impressive data about the aircraft’s economics when in revenue service, and this was a driver to place this new firm order with Embraer. We look forward to receiving our first aircraft, which will enhance connectivity in Nigeria and the African region,” she said.

British airways

Also speaking on the deal is Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation, who said that Air Peace would love the aircraft’s efficiency and the passengers would also experience an unparalleled level of comfort, especially in First Class.

Air Peace is set to be the first E2 operator in Africa when deliveries start in second-quarter of 2020.

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Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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Appointments

Standard Bank Group appoints Yinka Sanni as new Chief Executive of Africa Regions

Yinka Sanni has been appointed as Standard Bank Group’s Chief Executive of Africa Regions.

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Stanbic IBTC declares N10.4 billion interim dividend

The Standard Bank Group has announced the appointment of Yinka Sanni as the new Chief Executive of Africa Regions.

This announcement was made by the Group in a post shared via its official LinkedIn account. The bank revealed that Sanni will be replacing Sola David-Borha who is retiring after 31 years of distinguished service to the group.

His appointment will play an integral role in driving the growth of the Standard Bank Group in Africa further in the years ahead.

He is expected to build on the work of David-Borha, a renowned professional who played a key role in growing the Group’s Africa Regions portfolio in terms of capacity, market share and contribution to the group’s headline earnings.

What you should know

  • Yinka Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
  • He has served in key positions within the Stanbic Group, as the Chief Executive of Stanbic IBTC Holdings PLC, Chief Executive of Stanbic IBTC Bank PLC, Deputy Chief Executive of the Bank and Executive Director, Corporate & Investment Banking of the Bank.
  • He was also the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive, Stanbic IBTC Asset Management Limited.

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Corporate Press Releases

P2P crypto marketplace, Bitzlato (BZ) partners with Lemonade Finance to ease money transfers across Africa

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

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Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for Africa, as a payment method to its platform.

Lemonade Finance provides 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.

Speaking about this partnership, Ridwan Olarere, CEO, Lemonade Finance, said:

“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment. Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming. We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, Uk and Europe.”

Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said:

“This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment. We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”

Hotflex

According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.

Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.

British airways

Take advantage of the new Lemonade Finance payment method on BZ, which offers zero transactional fees for money transfers from Nigeria into Kenya. Sign up on BZ and start trading crypto easily today.

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