Brazilian manufacturer released some details of its long-term aviation market outlook and stated there will be 13,150 business jets delivered worldwide through 2008—2017. These figures look more conservative than Honeywell’s expectation (14,000 bizjets through 2007—2017 excluding VLJs and converted airliners) issued earlier this year.
Brazilian analysts expect further growth of the air taxi segment and this should stimulate a sufficient demand for VLJs. This may add another 3,500—4,400 aircraft to the market. Embraer is heading to eat a good piece of this cake with the launch of the Phenom jets program. OEM’s analysts consider the VLJ market share will be the largest with 26%, light jets are to follow with 22%. Ultra-long range and large jets will constitute only 7% and 11% of the market respectively and this differs a lot from the figures provided by other reliable market researchers such as Honeywell and Teal Group.
The full version of the Embraer Market Outlook is expected to be released by January 2008.