Embraer projects demand of 1,570 new deliveries of 70 to 130-seat jets in Asia Pacific over the next 20 years

Embraer Commercial Aviation released its market forecast for Asia Pacific at the Singapore Airshow, which includes China. The Company believes that airlines will take delivery of 1,570 new jets in the 70 to 130-seat segment over the next 20 years (valued at US$75bn, at list prices), representing 25% of the worldwide demand for the segment, in the period. According to the global Embraer Market Outlook for the 70 to 130-seat capacity segment for the next two decades, the entire market will demand 6,350 new jets in this category, which is valued at US$300bn over the period. The Asia Pacific market will become more affluent, competitive, and open, further stimulating airlines to seek system efficiencies, brand differentiation, and improved service levels. In this context, the 70 to 130-seat jet segment will play a key role in supporting the intra-regional development in Asia Pacific. Asia Pacific has experienced rapid social and economic development in recent decades. The region’s above-average economic expansion, with a projected annual GDP growth rate of 4.1% for the next 20 years, combined with increasing urbanization and shifting demographic patterns, will result in higher household incomes and increased discretionary spending, including air travel.