Zhuhai, China: Embraer forecasts that 1,020 new 70 to 130-seat jets will be demanded by the Chinese regional aviation market by 2033, representing 16 percent of global deliveries of jets in that segment. The projection is for 300 (70 to 90-seat) jets and 720 (90 to 130-seat) jets. Some 87 percent of new deliveries will be deployed to support market growth, while 13 percent will replace old aircraft in the current fleet, which includes 50-seat airplanes.

As forecasted, in the coming two decades, air travel in China will increase 6.8 percent annually, fostered by the country’s sustained economic growth, with an expected 5.5 percent annual GDP growth rate. 

Regional aviation, supported by civil aviation policies over the past decade, is experiencing rapid development and playing an irreplaceable role in the air transport system. With the launch of the ‘Essential Air Service’ program, the improvement of incentive policies, and more regional airports coming online in central and western China, the regional aviation sector is assured a promising future.

“Consensus has been reached that regional aviation plays a significant role in improving the connectivity, fostering economic advances, and enhancing the social welfare of China’s remote areas. Development of regional aviation is also important for building China into an aviation powerhouse,” said Guan Dongyuan, senior VP Embraer and president of Embraer China. “As the world’s largest manufacturer of jets up to 130 seats, Embraer has been, and will continue to be committed to the development of China’s regional aviation, jointly with our industry peers.”