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Wed, 14 Feb 2018

Embraer Updates Asia Pacific Forecast

Embraer Commercial Aviation has forecast that airlines in Asia Pacific will take delivery of 3,010 new aircraft in the segment up to 150-seats over the next 20 years, representing 29% of the worldwide demand for the segment, in the period.

The total demand for the segment is for 10,550 new aircraft over the next 20 years.

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 3.9% 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.

Embraer E195. Click to enlarge.

“The ongoing over-capacity and intense competition in the region has prevented airlines from delivering higher profits. In this regard, the E-Jets E2 can help airlines to open new markets at the lowest possible risk, complement larger fleet types to maximize profit, and achieve sustainable growth with higher profitability,” said César Pereira, Vice-President for Asia-Pacific, Embraer Commercial Aviation. “We continue to identify to airlines opportunities in markets that are currently underserved or not served at all. With the E2’s, we can offer great operational flexibility, broaden the network reach to second and third tier cities, adding frequency to build competitive advantage and access to more airports without any limitations.”

One major opportunity in the region for E-Jets is the aging incumbent fleet, where there are more than 250 jets in the 50 to 150-seat category over 10 years of age, which will become targets for replacement in the near future.

Embraer currently has 100 customers from over 50 countries operating the ERJ and the E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and over 1,400 deliveries.

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