Embraer predicts strong demand for 150+ seats turboprop costing $650 billion in 20 years

Embraer has predicted a strong demand for new jets and turboprop aircraft with 150 seats over the next two decades with a market value of $650bn in its latest 20-year Market Outlook published at the Paris Air Show. Going ahead, Embraer forecasts that the world traffic in revenue passenger kilometers, is expected to return to 2019 levels by 2024 as a result of a prolonged pandemic recovery, geopolitics, and changes in industry dynamics. The report shows global RPKs to grow 3.2% annually through 2042. Speaking during the introductory message, Arjan Meijer, President and Chief Executive, Embraer Commercial Aircraft highlighted the