Embraer forecast China will require 975 new regional jets over next 20 years
Embraer, in its Chinese regional aviation market outlook for 2011-2030, stated (21-Sep-2011) China is "emerging as one of the fastest growing and most important air transport markets". In line with the expansion of China’s aviation market and economic development, it is forecasted that 975 new regional jets will be delivered over the next 20 years, including 15 for 30-60 seats, 440 for 61-90 seats, and 520 for 91-120 seats, which accounts for around 13% of global market demands. The outlook also indicates world aviation showed signs of recovery in 2010, after the economic crisis of 2008. Embraer added in 1H2011, China Southern Airlines and Hebei Airlines became two new E-Jet customers. Since the first aircraft was delivered to this market in 2000, Embraer has delivered around 90 commercial jets to the region, representing over 70% of aircraft up to 120 seats in the Chinese market. [more - original PR]
Embraer: “China now boasts one of the greatest and most vibrant economies in the world, which fosters the robust development of its regional aviation market. With over 10 years of relentless efforts, Embraer is now the major supplier of airplanes up to 120 seats in this country. We have full confidence that Embraer’s commercial jets, with versatile business models and right-sized seat capability, will satisfy the demands of this market,” Guan Dongyuan, President of Embraer China. Source: Company Statement, 21-Sep-2011.