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Fri, 9 Nov 2018

Embraer Forecasts Demand for 1,390 New Jets with up to 150 Seats in China

Embraer has forecast that China will take delivery of 1,390 new jets with up to 150 seats and valued at USD 82 billion at list prices over the next 20 years.

Arjan Meijer, Chief Commercial Officer of Embraer Commercial Aviation, said, “According to statistics, the Asia-Pacific market enjoyed the strongest growth in terms of passenger volume in 2017. In China, specifically for the domestic market, the growth rate was 13.3%. Thanks to the steady pace of economic growth, continuous investment in airport construction, the implementation of basic air service plans, and the increasing number of middle class that fueled the demand for air travel, we believe for the next 20 years, aircraft with up to 150 seats will enjoy huge potential in China.”

Embraer E190-E2 at Farnborough Airshow 2018. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

Over the last few decades, China has introduced a series of favorable policies to support the air traffic growth and made great achievements in airport construction. According to CAAC’s plan, more than 50 new airports will be built during the 13th Five-Year Plan. By 2035, another 140 new airports will be constructed and most of the newly-built airports will be regional. With the increased number of airports, the market calls for more regional aircraft with an appropriate number of seats to develop new routes.

At the same time, data shows that the top 30 airports in China handle nearly 80% of total passengers, which result in the saturated capacity and shortage of slots in hub airports. As such, Embraer believes that airlines will put more effort on developing routes to second and third-tier cities.

“Embraer E-Jets and E-Jets E2 Smart Fleet with appropriate size will perfectly match the market demand of second and third-tier cities and satisfy the needs of various airlines. With high economics efficiency and excellent performance, the E-Jets and E-Jets E2 will create more value to our Chinese customers, explore potential markets for airlines, improve accessibility for travelers, and contribute to the development of regional aviation in China,” said Guo Qing, Vice President of Sales and Marketing for China, Embraer Commercial Aviation.

In order to meet the increasing demand for travel, Embraer has launched the E-Jets E2, the newest generation of Embraer jet, aiming to build the most efficient and comfortable single-aisle family of aircraft with up to 150 seats. To date, the E-Jets E2 program has logged 270+ orders, of which 130+ are firms. In China, Embraer has logged 22 E-Jets E2 commitments.

In April 2018, Embraer delivered world’s first E-Jets E2 to Widerře of Norway. Currently, three E190-E2s have accumulated more than 2,500 flight hours with Widerře, achieving a schedule reliability of around 99%.

Asia Pacific Aviation Industry Update 2018

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