Singapore - On February 7, at the Singapore Airshow, Embraer Commercial Aviation announced its market forecast for the Asia-Pacific region.
The company estimates that airline operators in this part of the world will order 3,010 new aircraft in the segment for up to 150 seats over the next 20 years, representing 29% of the world's demand for this category. The company forecasts total segment demand as 10,550 new aircraft in the same period.
As Embraer explains, the Asia-Pacific region has experienced rapid social and economic development in the last few decades. An estimated annual GDP growth rate of 3.9% over the next 20 years, combined with increased urbanization and changing demographic patterns, will result in higher living standards with higher incomes and discretionary spending, including air travel.
The current overcapacity and intense competition in the region have prevented airlines from making larger profits. In this sense, E2 E-Jets can help airlines open up new markets with the lowest possible risk by complementing larger aircraft fleets to maximize profit and achieve sustainable growth with greater profitability,said César Pereira, vice president at Embraer Commercial Aviation in the Asia-Pacific region.
We continue to identify opportunities for airlines that are currently underserved. With E2, we can offer great operational flexibility, extended network, more flight frequency to build competitive advantage and access to more airports without any limitations,explains Pereira.
The manufacturer also cites that Chinese startup airlines will grow from small and medium-sized cities with government subsidies to boost the development of regional aviation.
Another opportunity in the region for the E-Jets is the replacement of old planes that will need to be replaced in the next few years. According to Embraer, the fleet of aircraft in the segment of 50 to 150 seats currently has 250 jets with more than ten years. The life of a commercial jet is around 30 years.
Embraer is currently the world's largest manufacturer of commercial jets for up to 150 passengers. The company has 100 customers in more than 50 countries operating the ERJ family jets (already discontinued) and E-Jets, a series with more than 1,800 orders, and 1,400 aircraft delivered.