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.