PRZOOM - /newswire/ -
Cleveland, OH, United States, 2015/05/12 - Embraer has released its 20-year Market Outlook for the North American market in which it forecasts 2,060 new jet deliveries in the 70 to 130-seat segment - Embraer.com. NYSE: ERJ; Bovespa: EMBR3
It represents nearly 35% of the total worldwide demand for aircraft in this particular segment and is valued at US$ 96 billion at list prices. Some 47% of the region’s new deliveries are expected to support market growth while 53% will replace ageing aircraft that will be retiring by 2034.
“Despite higher growth rates in other parts of the world, our projections show the US market continuing to dominate the segment because it has such a large volume of existing 70 to 130-seat jets,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation. “However, we foresee room for growth as network airlines look for alternatives to reduce the capacity gap between regional and mainline operations.”
Further growth is expected as full-service carriers restructure their intra-regional hub-and-spoke operations and deploy larger-capacity regional jets with premium seating in markets traditionally flown by 50-seat jets. The E175 has become a best-seller in its category with an 80% share of net orders in North America since 2013.
Embraer’s 2015 Market Outlook identifies the 90 to 130-seat jet segment as another cornerstone in a new era that is expected to deliver healthier financial results. Favorable crew costs in a mainline carrier cost structure now make those jets an even more attractive economic alternative for domestic operations. The aircraft provide more seats on regional routes while right-sizing capacity in markets currently served by larger narrow-body aircraft.
The E-Jets family has logged more than 1,560 orders and over 1,100 deliveries to date. Since they first entered revenue service in 2004, Embraer E-Jets have achieved a global market share of around 50% of orders and 60% of deliveries in the 70 to 130-seat segment. In North America, Embraer has more than 50% market share among aircraft in its segment with over 400 E-Jets delivered.
About Embraer Commercial Aviation
Embraer is the world’s leading manufacturer of commercial jets that seat up to 130 passengers. Nearly 900 aircraft from the 37, 44 and 50-seat ERJ 145 family of regional jets have been delivered to airlines since their introduction in 1996. The E-Jet family includes four larger aircraft that have between 70 and 130 seats. The E170, E175, E190 and E195 set the standard in their category with their advanced engineering, high degree of efficiency, spacious, ergonomic cabins with two-by-two seating, and attractive operating economics. Since E-Jets entered revenue service in 2004, Embraer has received more than 1,500 firm orders for this aircraft family. More than 1,100 have been delivered.
In 2013, Embraer launched E-Jets E2, the second generation of its E-Jets family of commercial aircraft comprised of three new airplanes E175-E2, E190-E2, E195-E2 seating from 70 to 130 passengers. The E190-E2 is expected to enter service in the first half of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020.
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