By Andy Sambidge
Plane maker says only China and Latin America will see higher demand for 30- to 120-seater jets to 2030
The Middle East, alongside China and Latin America, will drive growth in demand for smaller aircraft, Brazil's plane maker Embraer has said.
The company, which in April delivered two planes to Oman Air with another two set to arrive in 2012, said growth in the Middle East for 30- to 120-seater aircraft would average 6.9 percent over the next 20 years.
Embraer's report said only China (7.5 percent) and Latin America (7.2 percent) would see higher growth over that period.
It said that although the global downturn in the industry was "harsha", the recovery was "much faster than expected".
"Embraer’s forecast reflects this strength in world air transport demand, measured by revenue passenger kilometre (RPK), increasing at an average annual rate of 5.2 percent and reaching 13 trillion RPKs in 2030," the report added.
Compared to the Middle East, Embraer said the more developed economies of North America and Europe would see lower demand due to their market maturity and slower economic recovery. Growth rates to 2030 will be 3.5 percent and 4.4 percent respectively.
Globally, Embraer foresees world demand for 7,225 new jet deliveries in the 30- to 120-seat capacity segment over the next 20 years.
The equivalent market value is estimated to be $320 billion. Of this total, 3,125 jets are projected to be delivered between 2011 and 2020, and the remaining 4,100 units between 2021 and 2030.
The world fleet of 30- to 120-seat jets will increase from 4,225 aircraft in 2010 to 8,060 by 2030.
During this period, 53 percent of new deliveries (3,835 jets) will be added to support market growth demand, while 47 percent (3,390) will replace ageing aircraft.
Despite the lower rate of growth, the highest number of aircraft will still be delivered in North America and Europe, with 2,350 going to North America and 1,675 to Europe.
A total of 310 jets will be delivered to customers in the Middle East, Embraer said, about four percent of the global total.
Separately, Embraer said it has delivered a Phenom 100 jet to UAE-based leasing company Titan Aviaton, which plans to lease the executive jet to a company operating in India.
Another two Phenom 100 models are slated to be delivered to Titan Aviation next year.
Priced at $3.91 million, the aircraft has autonomy to fly 2,182 kilometres and a maximum speed of about 860 km per hour.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.