[Aviation Today April 23, 2014] Brazilian airframe manufacturer Embraer is forecasting demand for 530 new regional jets in Africa and the Middle East over the next two decades, representing 8 percent of global demand for the segment during that period.
Among the demand, Embraer sees 65 percent of total new deliveries supporting market growth in the region, with another 35 percent replacing aging aircraft. Air traffic is forecasted to grow at 5.3 percent in Africa and 7.1 percent annually in the Middle East over the next 20 years, more than tripling the current traffic to and from the region, Embraer said.
That demand would bode well for Embraer, which plans for its next generation of E2 regional jets to enter service by 2018.
Embraer believes the demand will increase and continue to develop for regional jets as airlines examine current market conditions in Africa and the Middle East, where currently 60 percent of larger single aisle jet departures among African and Middle East destinations have up to 110 passengers on-board on average, leading to low load factors.
“The 70- to 130-seat jets will play a key role to support the intra-regional development in Africa and the Middle East, not only for its ability to explore new markets, but also because of the possibility to improve load factors with greater flexibility,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation.