Brazil’s Embraer SA, the world’s third-largest commercial planemaker, expects to generate business worth $14 billion from the Middle East region by 2030, a top official said on Sunday.
Sao Jose dos Campos-based firm, which is a leading airplane exporter, sees demand of 310 jets in the 60-120 passenger jet segment in the region from 2011 to 2030, Mathieu Duquesnoy, vice president of commercial aviation for Middle East and Africa said at the Dubai Air Show.
The company opted to upgrade the engine in its E-170 and E-190 jets instead of designing a bigger, brand-new family of airplanes that would have taken on larger rivals, it said on Friday.
Embraer is aiming for E-jet entry into service in 2018 and is in talks with Pratt & Whitney, CFM and Rolls Royce to re-engine E-Jet, Paulo Cesar Souza e Silva, president of Embraer’s commercial aviation said. CFM is a joint venture between General Electric and France’s Safran.
Embraer delivered 28 commercial aircraft and 18 executive jets in the third quarter of 2011. It competes with Canada’s Bombardier Inc in the regional jet space business.
With 65 of the Embraer family in service in the Middle East, the aircraft are already the second most-operated type in the region, after the Airbus A320.
Embraer is planning to double the number of E-Jets operating in the Middle East over the next two years.
During an event in Muscat, Oman, Duquesnoy said the Brazilian airframer plans to take advantage of the untapped growth potential for regional jets in the Gulf.
Embraer, which is participating in the 12th edition of the?Dubai?Air Show, has a strong footprint in the region.
The company’s first commercial aircraft, Embraer 170 entered service with Saudi Arabian Airlines in 2005.
Already at the show, resident carrier Emirates has ordered $18bn worth of Boeing 777 aircraft, whilst signing options for a further $8bn worth of planes.
And as the week progresses,Qatar and Etihad are expected to place multi-billion dollar aircraft orders of their own.
The Dubai Airshow runs from 13 to 17 November 2011.
Sources: Reuters, flightglobal, ibtimes, BBC