Brasilia: Embraer SA, the world's largest maker of regional aircraft, forecast on Wednesday that Asia-Pacific carriers will take delivery of a total 1,500 jets in the 70-130 seat capacity range over the next 20 years, worth around $70 billion.
Nearly two-thirds of projected deliveries for the total market are expected to support growth, with the remainder replacing ageing aircraft, Brazil-based Embraer said in a statement.
Embraer has more than an 80 percent share of the Asia-Pacific market for 70-130 seat jets, according to the company.
"Passenger traffic in the Asia-Pacific region is mostly composed by secondary markets with low and medium demand densities of up to 300 passengers daily each way," said Paulo Cesar Silva, Embraer's head of commercial aviation.
12/02/14 Reuters/Economic Times
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Nearly two-thirds of projected deliveries for the total market are expected to support growth, with the remainder replacing ageing aircraft, Brazil-based Embraer said in a statement.
Embraer has more than an 80 percent share of the Asia-Pacific market for 70-130 seat jets, according to the company.
"Passenger traffic in the Asia-Pacific region is mostly composed by secondary markets with low and medium demand densities of up to 300 passengers daily each way," said Paulo Cesar Silva, Embraer's head of commercial aviation.
12/02/14 Reuters/Economic Times
