RTTNews | Nov 15, 2021 07:26AM EST

07:26 Monday, November 15, 2021 (RTTNews.com) - Shares of Embraer S.A. (ERJ) are up more than 6% in pre-market on Monday after the the aircraft maker published its 20-year market outlook for commercial aircraft deliveries through 2040. The company sees demand for new aircraft up to 150 seats to be 10,900 units, including 8,640 jets and 2,260 turboprops.

According to the report three key trends including environment, digitalization and regionalization shape the future demand for travel and aircraft.

Airlines are to acquire more fuel-efficient fleets. Advances in technology including work-from-home and videoconferencing may also define future demand for travel, and the companies may also plan to reshore production to minimize supply-chain issues.

Embraer expects market value of all new aircraft to be $650 billion.

As per the report, which was published on Monday at a press briefing during the Dubai Air Show, revenue passenger kilometres (RPK) is expected to grow 3.3% annually to 2040. The worldwide RPK volume of 2019 is expected to return in 2024.

ERJ closed Friday's trading at $6.21, down $0.83 or 4.87%. The stock is currently at $17.33.

Read the original article on RTTNews ( https://www.rttnews.com/3242336/embraer-climbs-in-pre-market-in-view-of-increased-demand-for-new-aircraft.aspx)

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