Embraer Forecasts Asia-Pacific to Grow 5.3

Asia-Pacific will grow at an annual rate of 5.3 percent and China at 7.5 percent over the next two decades which are well above the projected world average of 4.9 percent, said Embraer at the Singapore Air Show. This is based on a positive economic environment and more accessibility to the market by new carriers. Embraer foresees a demand for 1,270 jets in the 30- to 120-seat segment, over the next 20 years, in the Asia-Pacific region and China, or an estimated total market value of $42 billion. The forecast, broken down into 10-year periods, shows the delivery of 610 aircraft in 2008-2017 and 660 in 2018-2027.
Embraer's current forecast indicates that the aircraft demand in the region will be 25 percent higher than the previous estimates. The Asia-Pacific region and China will represent 17 percent of worldwide aircraft deliveries over the next 20 years.
The studies indicate that the 30- to 90-seat segment will be the mainstay of regional aviation development in Asia. The 91- to 120-seat segment will allow airlines to right-size aircraft capacity to market demand with improved service levels on low load factor, narrow-body flights and to expand into mid-sized markets. For a complete report see the next issue of Regional Aviation News.