AFP, Sao Paulo :
Brazilian aircraft manufacturer Embraer Wednesday announced plans to deliver 2,060 jets to the North American market over the next 20 years, a deal the company said would net it about $96 billion at current prices.
The world’s third-largest commercial plane maker behind Boeing and Airbus, Embraer said it ultimately hopes to net 35 percent of all global sales of the 70-to-130 seat passenger jet market.
The company said its sales to the United States and Canada add to an already growing market, as it replaces models being phased out 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,” Embraer president and CEO Paulo Cesar Silva said in a statement.
“However, we foresee room for growth as network airlines look for alternatives to reduce the capacity gap between regional and mainline operations.”
Embraer sees growth being underpinned as carriers restructure intra-regional hub-and-spoke operations to deploy larger-capacity regional jets such as the E175 in markets traditionally flown by 50-seat jets.
The company noted the E175 enjoyed an 80 percent share of net orders in North America since 2013.
Brazilian aircraft manufacturer Embraer Wednesday announced plans to deliver 2,060 jets to the North American market over the next 20 years, a deal the company said would net it about $96 billion at current prices.
The world’s third-largest commercial plane maker behind Boeing and Airbus, Embraer said it ultimately hopes to net 35 percent of all global sales of the 70-to-130 seat passenger jet market.
The company said its sales to the United States and Canada add to an already growing market, as it replaces models being phased out 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,” Embraer president and CEO Paulo Cesar Silva said in a statement.
“However, we foresee room for growth as network airlines look for alternatives to reduce the capacity gap between regional and mainline operations.”
Embraer sees growth being underpinned as carriers restructure intra-regional hub-and-spoke operations to deploy larger-capacity regional jets such as the E175 in markets traditionally flown by 50-seat jets.
The company noted the E175 enjoyed an 80 percent share of net orders in North America since 2013.
