After flying under the radar for many years, manufacturers of smaller jet and propeller-driven passenger aircraft are finding a bigger market in the Asia-Pacific with a slew of orders at the Singapore Airshow.
Canada's Bombardier, Brazil's Embraer, European joint venture ATR, Russia's Sukhoi and Japan's Mitsubishi Aircraft do not roll off the tongue as easily as Airbus or Boeing, but in the lucrative Asia market there is room for everyone.
Embraer, the world's largest maker of regional aircraft, forecast in Singapore this week that the region will take delivery of 1,500 new jets of 70-130 seats over the next 20 years. That translates, it says, to a staggering $70 billion worth of business.
Importantly, for the likes of Embraer, the world's two largest aircraft manufacturers do not make aircraft that compete in the below-130 seat segment.
Low-cost airlines like AirAsia, Lion Air, and Cebu Pacific, with orders for hundreds of Airbus A320s and Boeing 737s, have driven much of the growth in the Asia Pacific airline market.
13/02/14 Reuters/NDTV
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Canada's Bombardier, Brazil's Embraer, European joint venture ATR, Russia's Sukhoi and Japan's Mitsubishi Aircraft do not roll off the tongue as easily as Airbus or Boeing, but in the lucrative Asia market there is room for everyone.
Embraer, the world's largest maker of regional aircraft, forecast in Singapore this week that the region will take delivery of 1,500 new jets of 70-130 seats over the next 20 years. That translates, it says, to a staggering $70 billion worth of business.
Importantly, for the likes of Embraer, the world's two largest aircraft manufacturers do not make aircraft that compete in the below-130 seat segment.
Low-cost airlines like AirAsia, Lion Air, and Cebu Pacific, with orders for hundreds of Airbus A320s and Boeing 737s, have driven much of the growth in the Asia Pacific airline market.
13/02/14 Reuters/NDTV
