Asia-Pacific to take 1,500 70-130 seat jets over 20 years-Embraer

BRASILIA Wed Feb 12, 2014 4:43am EST

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BRASILIA Feb 12 (Reuters) - Embraer SA, the world's largest maker of regional aircraft, forecasts the Asia-Pacific region will take delivery of 1,500 new jets of 70-130 seats over the next 20 years, totalling $70 billion, the company said on Wednesday.

Nearly two-thirds of the projected deliveries are expected to support market growth, with the remainder replacing ageing aircraft, the Brazil-based company added in a statement.

Embraer has a global market share of 51 percent of orders and 62 percent of deliveries since 2004 on the 70-130 seat segment, according to the statement. (Reporting by Silvio Cascione; Editing by Mark Potter)

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