Middle East is expanding market for Embraer
The Middle East has been highlighted as one of the fastest growing markets for Brazil’s leading aircraft manufacturer Embraer.
Vice president of the firm, Luis Carlos Affonso, made the comments citing orders for its Lineage 1000 aircraft – the largest executive jet Embraer makes – as proof of what the region is worth.
The Middle East accounts for half of all the firm’s orders for this aircraft, reports Brazilian Arab news provider ANBA.
Mr Affonso told ANBA: "The executive aviation market is growing mainly in emerging countries such as Russia, the Middle East and Latin America – countries where economies are growing more than in the US and Europe."
In 2008 the aircraft manufacturer will continue its trade promotion in the region with its participation in the Middle East Business Aviation fair scheduled to take place in Dubai this November.
Embraer has delivered 25 Embraer 170 and 190 jets to Arab companies in the commercial sector over the last two years.
Growth in Brazil’s aviation industry may be good news for its property sector as it will improve access to the nation encouraging more tourists and investors to visit.
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