The Chinese regional aviation market will be responsible for 15% of the world deliveries of 61 to 120-seat jets in the next 20 years.
During a press conference held today at the 9th China International Aviation & Aerospace Exhibition (Airshow China 2012) in Zhuhai, Guangdong Province, Embraer released its dedicated Market Outlook to this market.
Embraer holds a favorable prospect for the demand for jets with up to 120 seats based on a comprehensive analysis, including how versatile business applications of 61 to 120-seat jets capture the market, by replacing older jets, optimizing fleet structure and helping airlines explore new markets with lower risk. Embraer forecasts a demand in China for 1,005 new 61 to 120-seat jet deliveries up to 2031, comprising of 455 for 61 to 90-seat jets and 550 for 91 to 120-seat jets.
“In the 12 years since its first delivery to the Chinese market, Embraer has built a solid leadership position in the country’s regional aviation market, claiming 77% of the market with almost 120 commercial jets delivered to date. Looking forward we have full confidence in the great potential of the Chinese market. Embraer will strive to maintain its leadership position by upholding its commitments to each of our valued customers, and will be prepared to support the air transportation growth in China,” said Guan Dongyuan, President of Embraer China.
The Market Outlook points out there will be growing demand for better connectivity in secondary tier cities, fostered by China’s vibrant economy and its growing middle class. The country’s regional aviation will continue its sound growth trajectory, as experienced in the past decade. The Market Outlook highlights the central and local government aviation policies as catalysts to regional aviation expansion in China, as well as fleet capacity optimization as a mean to keep a competitive edge. The Market Outlook includes an in-depth case study illustrating how Embraer’s commercial jets are fostering the development of both local air transportation industry and the economy of China’s Inner Mongolia region.