Embraer outlook for Chinese market
Embraer released a report about its outlook for the Chinese commercial aviation market during the 12th China International Aviation & Aerospace Exhibition. The company forecasts that the region will take delivery of 1,390 new jets with up to 150 seats over the next 20 years (valued at US$82 billion at list price).
November 6, 2018 By Wings Staff
“According to statistics, the Asia-Pacific market enjoyed the strongest growth in terms of passenger volume in 2017,” said Arjan Meijer, chief commercial officer of Embraer Commercial Aviation. “In China, specifically for the domestic market, the growth rate was 13.3 per cent.”
Meijer points to factors such as the steady pace of economic growth, continuous investment in airport construction, the implementation of basic air service plans, and the increasing number of middle class. “We believe for the next 20 years, aircraft with up to 150 seats will enjoy huge potential in China,” he said.
Embraer explains, that according to CAAC’s plan, more than 50 new airports will be built during the 13th Five-Year Plan. By 2035, another 140 new airports will be constructed and most of the newly built airports will be regional. With the increased number of airports, Embraer explains the market calls for more regional aircraft with an appropriate number of seats to develop new routes.
At the same time, Embraer explains data shows that the top 30 airports in China handle nearly 80 per cent of total passengers, which result in the saturated capacity and shortage of slots in hub airports. Therefore, Embraer holds the view that airlines will put more efforts on the second and third-tier cities with abundant aviation sources.
“Embraer E-Jets and E-Jets E2 Smart Fleet with appropriate size will perfectly match the market demand of second and third-tier cities and satisfy the needs of various airlines,” said Guo Qing, VP of sales and marketing for China, Embraer Commercial Aviation.
In order to meet the increasing demand for travel, Embraer has launched the E-Jets E2, the newest generation of Embraer jet, aiming to build the most efficient and comfortable single-aisle family of aircraft with up to 150 seats. To date, the E-Jets E2 program has logged more than 270 orders, of which more than 130 are firms. In China, Embraer has logged 22 E-Jets E2 commitments.
In April 2018, Embraer delivered world’s first E-Jets E2 to Widerøe of Norway. Currently, three E190-E2s have accumulated more than 2,500 flight hours with Widerøe, achieving a schedule reliability of around 99 per cent.