Embraer Releases Market Forecast for the 70 to 130 seats segment in the Middle East
According to the global Embraer Market Outlook for the 70 to 130-seat capacity segment for the next 20 years, released by the Company in June, the market will demand 6,350 new jets in this category, which is valued at USD300 billion over that period. Embraer projects market deliveries of 2,250 units in the 70 to 90-seat segment and 4,100 units in the 90 to 130-seat segment.
The Middle East will play an important role in this 70 to 130-seat segment. According to Embraer’s forecast, released today during the Dubai Airshow, the market in the region will demand delivery of 220 new jets in the 70 to 130-seat segment through 2034 (valued at USD 10 billion at list prices).
Global Supersonic Business Jet Market 2016-2020
The Middle East is the fastest growing region in the world, with double-digit growth over the last 10 years. Most of its growth comes from long-haul flights. However, the regional segment has significant importance to the region, feeding the hubs and accessing smaller markets. In 2015, 41% of the intra-Middle East flights departed with less than 120 passengers. These markets cannot be efficiently served by bigger jets, and are optimized for the E-Jets family, which have been successful at capturing 83% market share in the 70 to 130-seat segment.
In 2015, Embraer is celebrating 10 years of experience operating in the Middle East. This is a key milestone, not only for the E-Jets’ success in the region, but also for overcoming the great challenge of supporting the fleet in such a harsh environment.
“Today, we are the only manufacturer of under-130-seat aircraft with such an experience in the region. Understanding the operational challenges and having the experience to overcome them takes a long time and demands a lot of resources,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation. “Embraer has succeeded over these 10 years, but has also learned a great deal about the special characteristics of operations in this region. All this know-how has been very beneficial in designing the future generation of E-Jets, the E2s, as well as to enhance our services.”
Embraer is the only manufacturer to develop a modern family of four airplanes specifically targeted at the 70 to 130-seat segment. Since the formal launch of the program in 1999, Embraer has logged nearly 1,700 orders and over 1,100 deliveries, with the E-Jets redefining the traditional concept of regional aircraft by operating across a range of business applications.
The first E-Jet entered revenue service in 2004. The aircraft are in service with some 70 customers from 50 countries.
Source : Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ) - view original press release