Embraer Projects Demand For 650 Executive Jets In China Over 10 Years | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 04.20.17

Airborne
04.17.17

Airborne
04.18.17

Airborne
04.19.17

Airborne
04.20.17

Airborne
04.21.17

Airborne-Unmanned 04.18.17

Airborne-YouTube

AMA 04.20.17

Airborne
04.17.17

Airborne
04.18.17

Airborne
04.19.17

Airborne
04.20.17

Airborne
04.21.17

Airborne-Unmanned 04.18.17

Wed, Nov 14, 2012

Embraer Projects Demand For 650 Executive Jets In China Over 10 Years

Market Could Capture Nine Percent Of The World's Deliveries' Value

Embraer Executive Jets presented its business aviation market outlook at a press conference held Tuesday at the 9th China International Aviation & Aerospace Exhibition (Airshow China 2012) in Zhuhai, Guangdong Province. The forecast predicts a total demand for 650 business aircraft by the year 2022, with a total value of $24 billion, representing 9% of the world deliveries’ value.

“China is a rapidly growing global executive aviation market with its economic development, the gradual opening of low-altitude airspace and the continuous improvement of its aviation infrastructure,” said Ernest Edwards, President, Embraer Executive Jets. “Embraer Executive Jets pays close attention to the China market which is expected to generate great opportunities for all industry players. We commit ourselves to the market and each of our customers, with our full line of state-of-the-art executive jets and continuously improved customer support.”

The company’s in-depth analysis shows that the overall environment in China is fostering the development of its business aviation. The rapid development of its national economy generates more Chinese companies listed on Fortune 500 and more High-Net-Worth Individuals (HNWI) as well. Data show the annual growth rate of the country’s HNWI (with investable assets over 10 million RMB) stayed at 25% over the past five years. In addition, the latest Hurun Report, the authority in monitoring the wealthy in China, indicates billionaires (in RMB) in China increased by 87% in 2012 over 2011. 
 
The country’s business aviation culture is gaining maturity. Executive jets are recognized more and more as tools for improving productivity for business elites. Today, the country has a fleet of 267 executive jets, 77% of which are super mid-size to ultra large jets, up from only 78 jets in 2007.

FMI: www.embraer.com

 


Advertisement

More News

AMA Drone Report 04.20.17: Phantom 4 Advanced, NJ NIMBYism, AMA-DJI Team Up

Also: AUVSI XPO17 LIVE!, Steady Drone Sales, Drone v Shotgun... DJI’s new Phantom 4 Advanced offers a more powerful camera and more upgraded controls. The new upgrades the or>[...]

Airborne-Unmanned 04.18.17: Drones v Volcanoes!, Boston Marathon UAVs, XPO-LIVE!

Also: State Pavilions at XPONENTIAL, MQ-8C Fire Scout, Puma UAS, Drone Bust Drones DO wind up in some of the most amazing places... As evidence by the Universities of Bristol and C>[...]

Airborne 04.21.17: Gulfstream G280, Airport $$ Abuse, Boeing Jobs

Also: Drone Power, Jerkwater Drone Regs, CBP, Wichita UAS Mtg, Cessna Accident, Co-Pilot SNAFU, Atlas Air-Polar Air Gulfstream’s super mid-size G280 recently completed two mi>[...]

RFP: ANN Considering Future Options For HQ Relocation

Some Aggressive Upgrades For ANN, Aero-TV, and Airborne May Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off somethi>[...]

Aero-News: Quote of the Day (04.24.17)

"We understand that the hearing will be 8 days before the Planes of Fame Air Show and we want to assure you that your overwhelming support throughout this situation has strengthene>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC