Brazilian plane maker Embraer expects demand for new aircraft with up to 150 seats to reach 10,950 deliveries worth $650 billion over the next two decades, holding steady from last year's forecast.
Replacing older aircraft will account for 57 per cent of all new deliveries, while 43 per cent will be used for growth, it said in its 20-year market outlook for the sub-150 seat commercial aircraft segment, which was released at Farnborough Airshow in the UK on Tuesday.
Of the 10,950 small jets and turboprops, 3.8 per cent or 330 units will be delivered to the Middle East.
"The trend to smaller aircraft reflects overall lower demand growth, traffic patterns favouring short-haul versus long-haul, an increasing need for flexibility, connectivity, efficiency, and fleet and network transition to a decarbonised industry through new technology," said Embraer, the world's third-biggest aircraft manufacturer behind Boeing and Airbus.
Embraer's outlook remains little changed from last year's forecast for 10,900 aircraft. The manufacturer specialises in smaller, regional planes.
Short-haul flights will drive demand for 2,280 new turboprops globally over the next 20 years, mostly focused in Asia Pacific, Europe and North America, Embraer said. The Middle East makes up 1.8 per cent or 40 units of these, it said.
Embraer is in the process of selecting an engine maker to power its proposed passenger turboprop aircraft and expects to make a decision by the end of this year, Arjan Meijer, chief executive of Embraer’s commercial aircraft unit, told The National last month.
The company is in advanced talks with conventional manufacturers Pratt & Whitney, Rolls-Royce and GE, he said.
Embraer plans to launch the turboprop programme by mid-2023, with entry into service scheduled for early 2028.
The manufacturer expects global passenger demand for air travel, measured by revenue passenger kilometres (RPKs), to increase at an average annual rate of 3.2 per cent through to 2041 — roughly in line with last year's estimate of 3.3 per cent growth.
"The rate is a notable deceleration compared to pre-pandemic growth rates for the next two decades, a reflection of the effects of the pandemic itself, expected deceleration of the global economy and effects of the Russia-Ukraine conflict," Embraer said.
Over the next 20 years, Asia Pacific (including China) will show the strongest growth, increasing travel demand by 4.3 per cent annually, the plane maker said. This will be followed by Latin America (4 per cent), Africa (3.8 per cent), the Middle East (3.2 per cent), Europe (2.3 per cent, including CIS) and North America (2 per cent).
Embraer also expects the continued strong growth in e-commerce to create new opportunities for smaller all-cargo jet aircraft and for more passenger-to-freighter jet conversions.
"Smaller aircraft are gaining relevance in the cargo industry and there is a gap to bridge between turboprops and large standard-body jets," it said. "That gap is ideal for small and crossover standard-body jets."
Since jets fly faster than turboprops, they can reach more distant destinations, provide essential additional time-on-ground for loading and keep up with market growth, according to the outlook. They can replace or complement larger standard-body jets in reaching decentralised regions because they can offer more competitive costs per trip.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Global state-owned investor ranking by size
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
McIlroy's recent struggles
Last six stroke-play events (First round score in brackets)
Arnold Palmer Invitational Tied for 4th (74)
The US Masters Tied for 7th (72)
The Players Championship Tied for 35th (73)
US Open Missed the cut (78)
Travellers Championship Tied for 17th (67)
Irish Open Missed the cut (72)
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
INDIA%20SQUAD
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
Real Madrid 1
Ronaldo (87')
Athletic Bilbao 1
Williams (14')
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
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RESULTS
6.30pm: Meydan Sprint Group 2 US$175,000 1,000m
Winner: Ertijaal, Jim Crowley (jockey), Ali Rashid Al Raihe (trainer)
7.05pm: Handicap $60,000 1,400m
Winner: Secret Ambition, Richard Mullen, Satish Seemar
7.40pm: Handicap $160,000 1,400m
Winner: Raven’s Corner, Richard Mullen, Satish Seemar
8.15pm: Dubai Millennium Stakes Group 3 $200,000 2,000m
Winner: Folkswood, William Buick, Charlie Appleby
8.50pm: Zabeel Mile Group 2 $250,000 1,600m
Winner: Janoobi, Jim Crowley, Mike de Kock
9.25pm: Handicap $125,000 1,600m
Winner: Capezzano, Mickael Barzalona, Salem bin Ghadayer
