Embraer releases forecast for 70- to 130-seat segment in Middle East
According to the global Embraer Market Outlook for the 70- to 130-seat capacity segment for the next 20 years, released by the Company in June, the market will demand 6,350 new jets in this category, which is valued at US$300 billion over that period. Embraer projects market deliveries of 2,250 units in the 70- to 90-seat segment and 4,100 units in the 90 to 130-seat segment.
The Middle East will play an important role in this 70- to 130-seat segment. According to Embraer’s forecast, released during the Dubai Airshow, the market in the region will demand delivery of 220 new jets in the 70 to 130-seat segment through 2034 (valued at USD 10 billion at list prices).
The Middle East is the fastest growing region in the world, with double-digit growth over the last 10 years. Most of its growth comes from long-haul flights. However, the regional segment has significant importance to the region, feeding the hubs and accessing smaller markets. In 2015, 41% of the intra-Middle East flights departed with less than 120 passengers. These markets cannot be efficiently served by bigger jets, and are optimized for the E-Jets family, which have been successful at capturing 83% market share in the 70 to 130-seat segment.
In 2015, Embraer is celebrating 10 years of experience operating in the Middle East. This is a key milestone, not only for the E-Jets’ success in the region, but also for overcoming the great challenge of supporting the fleet in such a harsh environment.
“Today, we are the only manufacturer of under-130-seat aircraft with such an experience in the region. Understanding the operational challenges and having the experience to overcome them takes a long time and demands a lot of resources,” said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. “Embraer has succeeded over these 10 years, but has also learned a great deal about the special characteristics of operations in this region. All this know-how has been very beneficial in designing the future generation of E-Jets, the E2s, as well as to enhance our services.”