Embraer predicts $70bn need for 70 to 130-seat aircraft in Asia

Airlines in the Asia Pacific region, including China, will take delivery of 1,500 new aircraft in the 70 to 130-seat segment over the next 20 years, according to Embraer Commercial Aviation. The combined value of these aircraft comes to $70bn at list prices, and represents nearly 20 per cent of the worldwide demand for the segment in the period. Of the new deliveries, Embraer says 65 per cent are expected to support market growth while 35 per cent will replace retiring aircraft. The Asia Pacific market will become 'more affluent, competitive and liberal, further stimulating airlines to seek system efficiencies, brand differentiation and improved service levels', according to Embraer. Source :  http://www.twi-global.com/news-events/industry-updates/aerospace-industry/