HYDERABAD: Brazilian aircraft maker Embraer is bullish about the prospects of the Indian business jet market, the second largest in the Asian region after China.
“In Asia [demand forecast for business aircraft] after China.. Indiais the second-largest market. We cannot overlook by any means developments of this market,” Embraer Executive Jets Vice-President Asia Pacific (Marketing and Sales) Jose Eduardo Costas told reporters at the India Aviation 2012 show.
The size of the market for business jets in the Asia-Pacific region for the 2012-2021 period is worth $40-48 billion with 1,363 to 1,690 units and for South Asia it is 390 to 485 business jets worth $10-12 billion.India will represent at least 90-plus per cent of this number, he said.
“India is one of the few countries in the world where Embraer Executive jets is enabled to sell all its products from the Phenom 100 to Lineage and it is key to our growth strategy in Asia Pacific,” Costas said, when asked about the company’s projected sales and current order-book.
The country at present has about 130-140 private jets and the total fleet of Embraer Executive Jets here is about 14, he added.
Talking about its commitment to the Indian market, Costas said: “We believe we have gained significant market share in a relatively short time and we have deployed all resources we have in terms of customer support investment, certification of our products for enhancing the orders.”