Embraer sees robust air traffic in Asia Pacific over next 20 years
The growth rates are well above the projected world average of 4.9 pct.The robust growth is based on the region's positive economic environment and greater accessibility to the market for new carriers, Embraer said in a statement.
The company added that efforts to better connect second-tier cities signal good growth prospects for regional aviation in Asia, where fleets are still concentrated on narrow-body aircraft.
"Embraer expects that this fact, in conjunction with an ever-growing need to integrate secondary cities, plus new public policies, will motivate the development of regional transportation, thus creating major opportunities for regional aviation in the coming years," the statement said.
It added that about 50 pct of the 61 to 120-seat jets in service in the Asia Pacific region are over 20 years old and should be replaced in the near future.