China’s commercial aviation market will require 1,390 new jet aircraft with up to 150 seats in the next 20 years, Brazilian aeronautical company Embraer said on Tuesday in Zhuhai.
The new planes that China’s airlines are expected need to buy over the next two decades to respond to demand will cost an estimated US$82 billion at current list prices.
“The Asia-Pacific market had the highest growth in terms of passenger numbers in the world in 2017, with China, specifically in the domestic market, growing 13.3%,” said Arjan Meijer, commercial director of Embraer Commercial Aviation at the 12th China International Aviation & Aerospace Exhibition.
Meijer also said that the steady pace of economic growth, continued investment in airport construction, implementation of basic air services plans and the rise of the middle class were the factors driving demand for air travel.
“We believe, therefore, that over the next 20 years aircraft with up to 150 seats will have very great potential in China,” he said.
The document said the company had launched its E2 E-Jets to meet growing demand for single-aisle aircraft with a maximum of 150 seats, having already received 130 firm orders, 22 of which were from Chinese companies.
Embraer operates in the segments of Commercial Aviation, Executive Aviation, Defence & Security and Agricultural Aviation, and is the world leader in the manufacture of jet aircraft with up to 150 seats for the commercial aviation segment. (macauhub)