Embraer forecasts Middle East/Africa demand for 530 jets of 70 to 130 seats

Embraer Commercial Aviation forecast (23-Apr-2014) airlines in Africa and the Middle East will take delivery of 530 new jets in the 70 to 130-seat segment over the next 20 years. The aircraft are valued at USD25 billion at list prices, representing 8% of the worldwide demand for the segment in the period. It is estimated that 65% of the total new deliveries will be added to support market demand growth while 35% will replace ageing retiring aircraft. Embraer reported 60% of larger narrowbody aircraft flight departures among African and Middle Eastern destinations have up to 110 passengers on-board on average, resulting in low load factors. The region is mostly composed by low- and mid-density markets. Some 88% of all markets have demand densities of up to 300 passengers daily each way, and approximately 50% of them are not served nonstop. Demand growth forecasts:

• Middle East: 5.3% p/a;
• Africa: 7.1% p/a. [more - original PR]