You are here: Home » Companies » News
Business Standard

India Aviation 2016: Embraer sees growth potential in Indian executive jets sector

Embraer has a strong presence in India with a total of 28 aircraft of different market segments

Topics
India Aviation

K Rajani Kanth 

India Aviation 2016: Embraer sees growth potential in Indian executive jets sector

Brazilian commercial jets manufacturer, Embraer, is confident of clocking steady growth in the executive jets space in India, primarily on the back of the growing understanding among corporate houses of the need for private jet charters to make their businesses more effective and efficient, according to Claudio Camelier, vice-president (sales and marketing ? Middle East and Asia-Pacific), Embraer Executive Jets.

"India is not a market (for executive jets) that is booming or growing a lot. It is a stable market and we are not seeing any kind of relevant movement ? either up or down ? since the last two years. However, factors like high GDP growth rates, diversification of businesses, and the growing acceptance of executive jets by the business community in this country which has expanded geographical distances, make us confident that we will keep growing here," he said.

Embraer, which has been in the market for a little over 10 years now, has expanded its product portfolio from one single aircraft (Legacy 600) to seven business jet types.The S?o Paulo-headquartered company is getting closer to its 1,000th delivery of business jets globally.

Embraer has a strong presence in India with a total of 28 aircraft of different market segments, including 21 executive jets across six different models. The company had emerged as the market leader, delivering 35 per cent of the total executive jets into India over the last five years, Camelier said.

Stating that Embraer forecast 490 executive jets to be delivered by all manufacturers in the Asia-Pacific region, excluding China, over the next 10 years, he said a major portion of this would be from Embraer's stable.

Embraer today announced an order for its new entry-level business jet ? Phenom 100E ? from an undisclosed customer based in India. The aircraft will be managed by Titan Aviation group. This order takes embraer's executive jet aircraft registered in India to 22, across six aircraft types.

According to Camelier, the newly-ordered Phenom 100E, powered by two Pratt & Whitney engines, will be delivered later this year.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 18 2016. 00:40 IST
RECOMMENDED FOR YOU
.