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 US$300bn 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 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 US$10bn at list prices). 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.