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Business jets maker Embraer expects India to become one of the growth markets for executive jets in the Asia Pacific region.
Announcing an order for new entry-level business jet Phenom 100E from an undisclosed customer based in India, the company said the aircraft will be managed by Titan Aviation Group, a global aviation speciality provider headquartered in United Arab Emirates.
Claudio Camelier, Vice President, Sales, Embraer Executive Jets in Asia-Pacific and Middle East, said, “The Phenom 100E has proven itself to be a very agile aircraft that is capable of taking off and landing on short runways, while fuel economy helps keep operating costs low. This order takes the Embraer executive Jets aircraft registered in India to 22, across six types of aircraft.”
Addressing a conference at India Aviation 2016, the Embraer official said India has emerged as one of the promising markets for executive jets and the company has been expanding its service cum support network through local partners such as Air Works and Indamer.
Over the last 10 years since Embraer forayed into executive jets, it has sold about 1,000 jets (955), with US being the biggest market, and continues to be a major driver of business. But new markets, including Asia Pacific, where India is a key market, have become focus areas.
As the number of High Networth Individuals and businessmen grows, the demand for executive jets is set to increase as a business facilitator. Therefore, we see India growth continuing at a steady pace over the next few years, he explained.
Brazil based Embraer is a leading manufacturer of commercial jets with up to 130 seats. According to the company every 10 seconds, an Embraer aircraft takes off somewhere in the world. The bigger jets are used by airliners.
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