Brazil-based major aerospace group Embraer published its 20-year Market Outlook, for regional and smaller airliners with up to 150 seats, at the Dubai Air Show on Monday. The Outlook covered both turboprop and jet aircraft. The group expected that, following the Covid-19 pandemic, global air passenger traffic would grow at an annual rate of 3.3% until 2040. In Africa, the annual passenger demand growth rate would be 3.8%, behind only the Asia-Pacific (including China) and Latin America, which would both have growth rates of 4.2%. The Middle East would come in at 3.6%, the ‘Commonwealth of Independent States’ (CIS – Russia and most other states that once made up the Soviet Union) at 3.5%, Europe at 2.3% and North America at 2%.
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