What Happened
Brazilian Airframer Sees Growth In Emerging Economic Centers
Embraer has released its latest 20-year market forecast for the sub-150-seat jet market, predicting 8,500 orders worth $650 billion through 2045. The Brazilian airframer believes new economic growth regions and splintering tourism streams are driving growth in the regional jet sector. According to Embraer, replacements will account for 53% of orders, with 47% for market growth. This forecast was first reported by Aviation Week.