Embraer projects that world air traffic demand will increase by 4.9 percent per year in 2008-2027, with China presenting the highest growth rate (7.5 percent per year). Latin America, Middle East, Asia Pacific, Russia/CIS and Africa will grow around 5.5 percent, and mature markets, such as North America and Europe, around four percent. Embraer foresees a global demand for 7,450 jets in the 30- to 120-seat capacity segment over the next 20 years, resulting in a total market value estimated at $235 billion. The company projects that 3,150 aircraft will be delivered in 2008-2017. In the executive jet market, Embraer forecasts a demand for 13,150 business jets over the next decade, valued at approximately $201 billion. The new air taxi market may add yet another 3,500 to 4,400 aircraft to the Very Light Jet segment. For a complete report see the next issue of Regional Aviation News.