Embraer: demand of 1,390 new airplanes for China
The industry released its outlook during "12th China Aviation Exhibition"
Embraer released its latest outlook for the Chinese commercial aviation market during the "12th China International Aviation & Aerospace Exhibition" (November 6-11, in Zhuhai), which forecasts that the region will take delivery of 1,390 new jets with up to 150 seats over the next 20 years (valued at USD 82 billion at list price).
Over the last few decades, China has introduced a series of favorable policies to support the air traffic growth and made great achievements in airport construction. 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, the market calls for more regional aircraft with an appropriate number of seats to develop new routes.
At the same time, data shows that the top 30 airports in China handle nearly 80% 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.
In order to meet the increasing demand for travel, the Brazilian company has launched the E-Jets E2, the newest generation of its jet, aiming to build the single-aisle family of aircraft with up to 150 seats. To date, the E-Jets E2 program has logged 270+ orders, of which 130+ are firms. In China, the industry has logged 22 E-Jets E2 commitments. In April 2018, Embraer delivered world’s first E-Jets E2 to Widerøe of Norway. Currently, three E-190E2s have accumulated more than 2,500 flight hours with Widerøe.
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