Embraer sets sights on China and India with latest jets
Embraer, the world's third-largest aircraft supplier, plans to expand its footprint in the narrow-body passenger jet market in Asia, where demand is expected to take off. By 2025, the Brazilian manufacturer aims to deliver 100 jets a year with up to roughly 150 seats. Asian markets, such as China and India, will be front and center of that strategy, CEO Francisco Gomes Neto said in Sao Paulo. Embraer is a leader in commercial planes with fewer than 150 seats. Delivering 100 aircraft worldwide in a year would mark a 75% increase from last year's total. The company has laid groundwork to deliver planes to China. In November, one of the latest in Embraer's E2 series, the E190-E2 commercial jet, won type certification -- approval of an aircraft's design for airworthiness and other standards -- from Chinese authorities. The E195-E2 is expected to receive type certification soon. Embraer jets will compete in China with the ARJ21, made by the state-owned Commercial Aircraft Corporation of China (COMAC). But Gomes Neto contends that the E2 family is superior, noting that it is "very efficient, very quiet and very comfortable." New orders from China could be announced this month when Brazilian President Luiz Inacio Lula da Silva is due to visit China from April 12. Meanwhile, the company is in talks with India airlines over passenger jets, and a contract could be signed "in 2024," said Gomes Neto. Embraer has yet to make any deliveries to India. India and Embraer are also negotiating deliveries of warplanes. Embraer is considering opening a production site in India with a local counterpart if orders are secured. The global market for 61- to 170-seat jets stands at 15,425 units between the years 2022 and 2041, according to industry researcher Japan Aircraft Development Corp. (JADC), with a value of $1.38t. The pandemic severely dented demand in 2020, but orders picked up again in 2021. Embraer delivered 41 aircraft, including cargo planes, that year, according to JADC data, taking a commanding lead over Canadian rival Bombardier, which delivered three planes.<br/>
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Embraer sets sights on China and India with latest jets
Embraer, the world's third-largest aircraft supplier, plans to expand its footprint in the narrow-body passenger jet market in Asia, where demand is expected to take off. By 2025, the Brazilian manufacturer aims to deliver 100 jets a year with up to roughly 150 seats. Asian markets, such as China and India, will be front and center of that strategy, CEO Francisco Gomes Neto said in Sao Paulo. Embraer is a leader in commercial planes with fewer than 150 seats. Delivering 100 aircraft worldwide in a year would mark a 75% increase from last year's total. The company has laid groundwork to deliver planes to China. In November, one of the latest in Embraer's E2 series, the E190-E2 commercial jet, won type certification -- approval of an aircraft's design for airworthiness and other standards -- from Chinese authorities. The E195-E2 is expected to receive type certification soon. Embraer jets will compete in China with the ARJ21, made by the state-owned Commercial Aircraft Corporation of China (COMAC). But Gomes Neto contends that the E2 family is superior, noting that it is "very efficient, very quiet and very comfortable." New orders from China could be announced this month when Brazilian President Luiz Inacio Lula da Silva is due to visit China from April 12. Meanwhile, the company is in talks with India airlines over passenger jets, and a contract could be signed "in 2024," said Gomes Neto. Embraer has yet to make any deliveries to India. India and Embraer are also negotiating deliveries of warplanes. Embraer is considering opening a production site in India with a local counterpart if orders are secured. The global market for 61- to 170-seat jets stands at 15,425 units between the years 2022 and 2041, according to industry researcher Japan Aircraft Development Corp. (JADC), with a value of $1.38t. The pandemic severely dented demand in 2020, but orders picked up again in 2021. Embraer delivered 41 aircraft, including cargo planes, that year, according to JADC data, taking a commanding lead over Canadian rival Bombardier, which delivered three planes.<br/>
