Embraer forecasts demand for 4,450 small jets worth $ 220 billion
Sao Jose dos Campos (Brazil), Nov 23 (UNI) Brazilian plane manufacturer Embraer has forcast a global demand for 7,500 jets in the 30 to 120-seat capacity segment over the next 20 years.
The company estimates that 3,050 aircraft will be delivered between 2007 and 2016 with the remaining 4,450 units to be delivered between 2017 and 2026. The total market value is estimated at 220 billion dollars.
The forecast indicates that the 30 to 60-seat market segment has reached maturity but will continue to play an important role in the north American and European air transportation systems and will develop markets such as China, Mexico and Russia that have strong needs for regional aviation.
The 61 to 90 seat segment will continue providing natural growth to regional airlines on high demand 50-seat regional jet routes, sustaining revenue growth and market share.
In addition, it will help airlines to replace ageing aircraft and will right-size aircraft capacity to market demand with improved service levels.
The 91 to 120 seat segment will expand to help airlines to match aircraft capacity to market demand, through ageing aircraft replacement, right-sizing of narrow-body routes with excess capacity and low-cost-carrier expansion into mid-size markets.
Embraer estimates an overall demand for 11,115 business jets over the next ten years valued at about 169 billion dollars. The new air taxi market may add another 2,500 to 3,000 aircraft to the very light jet (VLJ) segment.
Embraer's commitment to business aviation has produced significant results in 2006. As of today, the executive jets division has added 1.8 billion dollars of new contracts. Firm orders for the recently-launched Phenom 100 and Phenom 300 very light and light jets stand at over 340.
Currently, there are 87 Legacy 600 executive jets operating in 18 countries. Embraer expects to deliver 25 to 30 Legacy 600 jets per year in 2007 and 2008, up from 20 units in 2005 and 13 in 2004.
Embraer expects to deliver in 2007 between 160 and 165 aircraft in the commercial aviation, executive aviation and defense and government (state-owned airliners and government authority transportation) segments.
For 2008, the company estimates delivery of 195 to 205 aircraft including 15 to 20 Phenom 100 very light jets with deliveries expected to begin in the second half of the year.
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