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Mon, Jul 03, 2023

New Regional Aircraft Outlook Published

Next 20 Years Looking Good for Sub-150-Seaters

A fresh market outlook came courtesy of Embraer’s analytics at the recent Paris Air Show, showing $650B up for grabs and a need for 11,000 new regional aircraft.

As global passenger volume rose to 3.2% annual growth, the industry watched its fortunes rise in turn, seeing widespread demand for narrowbody and short-haul aircraft. A long list of growing markets throughout the East have also served to boost interest in smaller aircraft suited to shorter, rougher fields, too. Some of Embraer’s biggest news has come from a burgeoning business overhauling first-gen passenger-layout E-jets to freighter spec, giving Chinese operators a cheap, effective cargo hauler. Demand for the region stands out amongst its peers in growing markets, with 4.4% annual growth expected. Overall, Asia should see 3,180 new sub-150-seat jet deliveries through 2042. The next-highest growth market lies in Latin America, where expanding infrastructure and markets will see 960 deliveries and a 4.1% growth rate. Trailing behind them lies Africa, with 530 deliveries and a 3.7% growth rate.

Jets will remain the favorite, despite the sometimes expected preference for high-wing turboprops throughout the fastest growing markets of the global south. Only 2,210 turboprop deliveries are expected through 2042, with 8,790 jets slated for delivery around the world. Of those, Latin America, Africa, and the Middle east will account for 20.3% of turboprop deliveries, only a moderate amount more than their share of jet deliveries at 16.4%. 

FMI:www.embraercommercialaviation.com

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