50 SKY SHADES - World aviation news

Embraer forecasts a $10bn jet stream

Download: Printable PDF Date: 08 Nov 2015 23:55 categories:
Publisher:
Embraer forecasts a $10bn jet stream - Manufacturer publisher
Tatjana Obrazcova
Country: Brazil Aircraft: Airplanes

The Middle East region will require some 220 new regional jets over the next 20 years, according to the latest market forecast from Embraer.

In the forecast, released at the Dubai Airshow yesterday, the Brazilian manufacturer said that the 70-130-seat market in the region would be valued at $10 billion over that period.
With Embraer forecasting that the global marketplace for the 70-130-passenger category is likely to amount to 6,350 new jets worth $300 billion over that period, the Middle East makes up a relatively small proportion of that.
Embraer acknowledged that, although the Middle East airliner market was the fastest-growing region in the world, with double-digit growth over the last 10 years, most of its growth came from long-haul flights.
However, it argued that the regional segment had significant importance to the region, feeding the major hubs and enabling carriers to access smaller markets. In 2015, 41% of the intra-Middle East flights departed with fewer than 120 passengers, it noted. These markets, it argued, could not be efficiently served by bigger jets, and were optimised for the E-Jets family, which had captured an 83% market share in the 70 to 130-seat segment. 
Its E-Jet family currently includes four models, the E170, E175, E190 and E195. Since entering service in 2004, Embraer has received almost 1,700 firm orders for the family, with more than 1,100 delivered. 
The second-generation of E-Jets, the E2, will have three members – the E175-E2, E190-E2, and E195-E2 with the E190-E2 expected to enter service in the first half of 2018. The E195-E2 is slated to join it in 2019 and the E175-E2 in 2020. 
Embraer projects global market deliveries of 2,250 units in the 70 to 90-seat segment and 4,100 units in the 90 to 130-seat segment out to 2034.
“Today, we are the only manufacturer of under-130 seat aircraft with such an experience in the [Middle East] region,” said Paulo Cesar Silva, president and CEO, Embraer Commercial Aviation.
“Embraer has learned a great deal about the special characteristics of operations in this region. All this know-how has been very beneficial in designing the E2s, as well as to enhance our services.”  

 

Related event:
08
November
2015
United Arab Emirates, Dubai, Dubai World Central.


Archived
4 years ago



Loading comments for Embraer forecasts a $10bn jet stream...


Recommended

Low-Cost Carriers to boost Middle East aviation market

Low-Cost Carriers are driving growth in the Middle East aviation market, recording a 9.3% increase in seat capacity in 2019, according to CAPA Centre for Aviation. Indeed, LCC’s share of to...

15 global stations across four continents - Etihad Cargo & dnata

Etihad Cargo has bolstered its global handling partnershipagreements with dnata, one of the world’s largest air service providers. The new agreements...

Ansat supplies to China are ready to start

Russian Helicopters completed validation of the type certificate for Ansat light multipurpose helicopter in the People's Republic of China. The validation of the type certificate by Chinese a...

The first of nine TAROM ATR72-600 delivered

Congratulations TAROM!  The first of their nine  ATR 72-600 aircraftis delivered! With a brand new livery, this aircraft is the first of a leasing contract with leading region...