China will need 1,070 jet aircraft with 70 to 130 seats for regional connections in the next 20 years, making the country the third market for regional aviation after the United States and Europe, indicates a report released on Tuesday by Empresa Brasileira de Aeronáutica (Embraer).
Embraer also envisages in the report that from 2017 to 2036 Chinese demand for regional jet aircraft will account for 17 percent of the total. In 2016 China counted 137 operational aircraft of that type.
The Brazilian company currently has a market share of 61 percent in the segment of commercial aviation with from 70 to 130 seats, followed by Canada’s Bombardier with 31 percent and Russia’s Sukhoi with 4 percent.
Embraer sales manager Arjan Meier said in the report cited by the China Daily newspaper that the number of middle class families should rise from 100 million to 300 million in the next decade, many of them from small cities, thereby driving increased demand for air transport.
China’s regional aviation market is dominated by companies such as China Southern Airlines, Tianjin Airlines, Hebei Airlines, GX Airlines and Colorful Guizhou Airlines. The first on the list transported nearly 4.88 million passengers in 2016.
On 29 and 30 August Embraer participated in the 4th China Regional Aviation Forum (RAF 2017) held in Yinchuan in the Ningxia Hui autonomous region. The event’s theme topic was ‘Innovation, connectivity and the Belt & Road: leading regional aviation to the next level’.
The forum was attended by more than 200 airline executives, heads of trade associations and industry experts, including personnel from Embraer, who discussed Chinese regional aviation opportunities in the context of the Belt & Road initiative.
Empresa Brasileira de Aeronáutica leads the Chinese regional aviation market in the segment of jets with 70 to 130 seats, holding a market share of nearly 80 percent. Up to July 2017 it counted 221 firm orders in the country (187 commercial and 34 executive jets) and 179 deliveries (145 commercial and 34 executive jets). (Macauhub)