Embraer forecasts 1,570 new jets for Asia-Pacific by 2036

Embraer Commercial Aviation has forecast that Asia-Pacific airlines will take delivery of 1,570 new jets in the 70- to 130-seat segment, valued at US$75m, over the next 20 years. This represents 25% of the worldwide demand for the segment. According to the Embraer Market Outlook, the entire market will demand 6,350 new jets in the 70- to 130-seat category, which is valued at $300b. The report stated: “The Asia-Pacific market will become more affluent, competitive, and open, further stimulating airlines to seek system efficiencies, brand differentiation, and improved service levels." Embraer Commercial president and CE Paulo Cesar Silva said, “We are showing to airlines the benefit of moving …from a crowded marketplace and seek out opportunities in markets that are currently underserved, or not served at all". <br/>