Hyderabad: Embraer, the Brazilian executive jets company, foresees a significant expansion in the Indian private jets market, with the country accounting for about 90% of the demand in South Asia till 2021.
“Estimates show there would be a demand for 1,363-1,690 executive jets worth about $40-48 billion in the Asia Pacific market between 2012 and 2021. South Asia alone would require about 400-480 units worth about $10-12 billion. Of this, India would have a share of over 90%. China is estimated to have a demand for about 520-635 jets worth about $17-20 billion,” Jose Eduardo Costas, Embraer’s vice-president - marketing and sales, Asia Pacific, said.
India currently has 130-140 private jets in operations including 14 Embraers.
“Even in the projected numbers for the next 10 years, we hope to maintain our market share at over 10%,” he said.
To meet the growing demand, the company is expanding its field presence by setting up a second field support office after Mumbai by the first quarter of 2013. It is also entering into an agreement with Airworks for deployment of onsite stock of parts in the country.
20/03/12 KV Ramana/Daily News & Analysis
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