Embraer is projecting demand in the Chinese business aviation market will require 805 new business jets over the next decade, the company said in its China Executive Aviation Market Outlook released Tuesday at the Chinese International Business Aviation Show (CIBAS) 2013.
(Embraer's Legacy 600 business jet, one of the large cabin jets it projects will be in high demand in China over the next decade. Photo, courtesy of Embraer.)
According to the report, about 51 percent of the demand will be for large cabin business jets, representing 78 percent of the total value of new deliveries. Between 2008 and 2012, China's business jet fleet expanded at an average annual rate of 27 percent, according to the Hurun Report, a monthly magazine tracking China's wealthiest individuals.
"Embraer’s decade-long investment in China’s commercial aviation market has resulted in a fleet of 120 commercial jets in service, and we are now building our presence in the Chinese executive aviation market," said Guan Dongyuan, senior vice president of Embraer China.
The Brazilian airframe manufacturer has an executive jets assembly line in China, and in August completed the maiden flight of the first Legacy 650 jet assembled in China. Delivery for the first Chinese-built 650 is scheduled for the end of the year.
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