By BA Staff
|Photo Courtesy Embraer Executive Jets|
Embraer Executive Jets presented its China Executive Aviation Market Outlook 2014-2023 during the press conference held today at the Chinese International Business Aviation Show (CIBAS) 2013, in Beijing, China. The Company forecasts that a total of 805 executive jets will be in demand the Chinese market over the next decade. The large-cabin business jet class is expected to represent 51% of this demand, accounting for 78% of the total value of deliveries.
Guan Dongyuan, Senior Vice President of Embraer and President of Embraer China had this to say about this release:
“Over the past 12 years, Embraer has built a strong position as one of the top business jet manufacturers, with a full line of state-of-the-art products that meet and exceed the expectations of customers worldwide,” said Guan Dongyuan, Senior Vice President of Embraer and President of Embraer China. “Embraer’s decade-long investment in China’s commercial aviation market has resulted in a fleet of 120 commercial jets in service, and we are now building our presence in the Chinese executive aviation market, affording our executive jet customers the high quality service and support that our airline customers already enjoy.”
Embraer has positive hopes about its future in Chinese aviation because of its recent economic studies. China’s fleet of executive jets has experienced an average annual expansion of 27%, fueled by a 26% growth of the wealthiest population, from 2008 to 2012, according to the data released by Hurun Report, which is considered to be one of the most influential publications of the luxury genre in the country.
Since 2004, when its first executive jet was delivered to this region, Embraer has booked orders for 38 executive jets in China, including five options. The company has several Authorized Service Centers for executive jet customers in the Greater China region, an accomplishment that they achieved because of their efficient service network and facilities.