{"id":1028648,"date":"2024-06-06T02:40:11","date_gmt":"2024-06-06T06:40:11","guid":{"rendered":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/what-we-need-is-purchase-power-arabian-aerospace.php"},"modified":"2024-06-06T02:40:11","modified_gmt":"2024-06-06T06:40:11","slug":"what-we-need-is-purchase-power-arabian-aerospace","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/aerospace\/what-we-need-is-purchase-power-arabian-aerospace.php","title":{"rendered":"What we need is purchase power&#8230; &#8211; Arabian Aerospace"},"content":{"rendered":"<p><p>    Embraer has more than 285 aircraft with over 75 operators    across Africa, making it one of its biggest markets.  <\/p>\n<p>    We have managed this as we have all aircraft types in Africa,    all the way up from the Embraer EMB 120, which was our    traditional twin-turboprop 30-passenger commuter airliner, up    to the Embraer ERJ family,including the 135, 140 and 145,    and the E1 and E2 family which are the most popular aircraft    family in Africa as it's available more readily through    lessors.  <\/p>\n<p>    There's an aftermarket for it from a lot of the E1s that    essentially have been passed from North Africa and European    operators, said Akie Chhabra, Sub Saharan Africa and Southern    Africa sales director for Embraer commercial aviation.  <\/p>\n<p>    Nigerian carrier Air Peace currently operates the E2, where    last year it commenced two non-stop weekly flights from Lagos    to Johannesburg, lasting six hours.  <\/p>\n<p>    However, Chhabra, explained that Embraer still encounters    hurdles in Africa which he said is mainly due to lack of access    to financing.  <\/p>\n<p>    As an OEM, we are finding access to financing a problem in the    region, in respect to the fact that if you're looking to buy    aircraft, or, lease aircraft, it can be quite heavy on your    balance sheet.  <\/p>\n<p>    So, to preserve financial sustainability, a lot of the    operators don't typically go immediately into the buying    solution because you need access to funds for that.  <\/p>\n<p>    We need to open up source markets for them to be able to get    these funds and for them to be able to actually invest in the    acquisition of new aircraft as well as used aircraft.  <\/p>\n<p>    We need banks, exporting agencies, and credit agencies to be a    little bit more used to the fact that they need to finance new    aircraft in Africa. And if we can find more and more    financing partners, then I feel like we could bridge that gap    that currently exists in some of the financing aspects.  <\/p>\n<p>    Chhabra said the second barrier to entry is the need to work    with governments for certifications.  <\/p>\n<p>    The E2 is type-certified in certain countries where it can    operate within Africa, he explained. But if we are looking to    bring in the E2 aircraft to other countries we have to sit down    with their governments, and their civil aviation authorities to    type rate the aircraft, and that process can take anything    between three months, six months or 12 all the way up to two    years. So, that might delay the entry of an E2 aircraft into    the continent.  <\/p>\n<p>    Chhabra added that aviation events, such as AFBAA and Aviation    Africa are great stepping-stones to helping bridge that gap.  <\/p>\n<p>    Such events are a great incubator and good ecosystem to bring    everyone together, he said.  <\/p>\n<p>    We need to have these conversations and align customers with    the banks in the lessons of these kinds of events, because it's    very easy to facilitate an introduction between the two and get    the conversation going.  <\/p>\n<p>    In fact, at Aviation African in Abuja last year, we actually    did manage to close two transactions. Those were with Overland    and with Air Peace for the E175. E1 aircraft variants, which is    an aircraft that we still produce very actively for the North    American markets.  <\/p>\n<p>    But we're also trying to grow the presence of the E175 in the    African market now, because it's a really comfortable aircraft    for this region market, and it replaces your traditional    turboprops like the ATR72, Chhabra concluded.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Read the original:<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.timesaerospace.aero\/features\/manufacturing\/what-we-need-is-purchase-power\" title=\"What we need is purchase power... - Arabian Aerospace\" rel=\"noopener\">What we need is purchase power... - Arabian Aerospace<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Embraer has more than 285 aircraft with over 75 operators across Africa, making it one of its biggest markets.  <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/aerospace\/what-we-need-is-purchase-power-arabian-aerospace.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-1028648","post","type-post","status-publish","format-standard","hentry","category-aerospace"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1028648"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=1028648"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1028648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=1028648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=1028648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=1028648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}