The world’s third-largest aircraft manufacturer, Embraer, said the mainland will need a further 883 regional aircraft over the next 20 years. Embraer vice president Guan Dongyuan told reporters,’China has an undeveloped market for regional and corporate jets given that they account for just a fraction of the total number of aircraft in the country.’
He added that Embraer would post US$400 million in sales in China this year compared to US$150 million last year. There are currently 70 jets serving regional destinations in China.
Larger rivals Boeing and Airbus have previously estimated that China will require more than 3,000 large aircraft over the next two decades.
Source: South China Morning Post (Subscription required)