Embraer expects to command significant market share by ’15
In five years, Embraer has increased its share of total business jet deliveries from 2.2 percent of the total to 14 percent, thanks to the growing number o
In five years, Embraer has increased its share of total business jet deliveries from 2.2 percent of the total to 14 percent, thanks to the growing number of models offered by the Brazilian manufacturer. Looking at the typical market niches for business jets, there remains only one it hasn’t filled: ultra-long-range jets.
In its market forecast for the next 10 years, Embraer expects manufacturers to deliver 10,000 business jets worth $190 billion. But, added Luis Carlos Affonso, executive vice president, Embraer executive jets, “we should not be too pessimistic. In the next ten years this business will be bigger than it was in the previous ten years.” He pointed out that “actual data has always been better than [Embraer’s] forecasts.”
