Embraer has predicted a strong demand for new jets and turboprop aircraft with 150 seats over the next two decades with a market value of $650bn in its latest 20-year Market Outlook published at the Paris Air Show.
Going ahead, Embraer forecasts that the world traffic in revenue passenger kilometers, is expected to return to 2019 levels by 2024 as a result of a prolonged pandemic recovery, geopolitics, and changes in industry dynamics. The report shows global RPKs to grow 3.2% annually through 2042.
Speaking during the introductory message, Arjan Meijer, President and Chief Executive, Embraer Commercial Aircraft highlighted the importance of aircraft in the up-to-150 seat category to maintain airline network connectivity. He also threw light on how remote working and a greening industry will affect the way we will travel and the demand for new aircraft.
The report cites three key trends shaping future demand for travel and aircraft, Fragmentation of the Global Economy, regionalization of businesses and supply chains will alter how goods and people move, then comes Social Revolution projecting how remote workforce will prompt air service in new communities and how the sustainability drive will affect demand and rising cost of fuel and new technology is likely to increase the cost of flying over-time.
In his Market Outlook introductory message, Embraer Commercial Aviation President and CEO, Arjan Meijer, highlights the importance of aircraft in the up-to-150 seat category to maintain airline network connectivity. He also notes how remote working and a greening industry will affect the way we will travel and the demand for new aircraft.
The report also cites other trends like the need for fleet flexibility to cope with an uncertain and changing demand, mostly through narrow-body complementation, and the growing popularity of crossover narrow-body all-cargo jets.
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