EMBRAER EXPECTS 5500 NEW AIRCRAFT DEMAND

The Brazil manufacturer expects the coronavirus crisis initiate rightsizing, regionalisation and environmental awareness as a shift in aviation industry

- AYUSHEE CHAUDHARY

AS THE INDUSTRY REBUILDS itself after the historically disruptive coronavirus pandemic, earlier this month Embraer released its new market ook for the next decade stating that the manufacturer expects 5,500 new aircraft deliveries in the up to 150-seat category. Global passenger traffic is likely to grow 2.6 per cent annually with China and Latin America leading the increase, based on the trends identified in the released outlook.

The Brazil manufacturer’s newly published 2020 Commercial Market Outlook examined passenger demand for air travel and new aircraft deliveries over the next 10 years with special emphasis on Embraer’s product segment - aircraft up to 150 seats. The report noted some of the emerging trends that will influence growth, factors shaping future airline fleets, and the regions of the world that will lead demand in the commercial sector. The report also highlighted the driving force behind aircraft acquisitions, and details deliveries by aircraft segment for 5 world regions.

As a long term impact of the pandemic, Embraer sees a persistent loss of 5 per cent in GDP levels by 2030. The crisis due to the novel coronavirus has brought about an unprecedented decline in history and has permanently skewed the curve, the manufacturer highlighted. Nothing compared to the 60 per cent decline as being seen in 2020 has even been witnessed.