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Embraer’s E2 jet is seen in this file photo. (Embraer)
Embraer’s E2 jet is seen in this file photo. (Embraer)

Embraer likely to widen lead over Bombardier in regional jet market: analyst Add to ...

Brazil’s Embraer SA will extend its regional jet market leadership over Canada’s Bombardier Inc. in the coming years, according to transportation analyst Derek Spronck of RBC Dominion Securities.

In a report issued Monday, Spronck said he anticipates that Embraer’s market share between 2013 and 2015 will increase to 63 per cent from the aggregate 54 per cent it achieved between 2001 and 2012.

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The world’s fourth-largest aircraft manufacturer delivered 76 per cent of the world’s regional jets last year, up from 29 per cent in 2003.

Montreal-based Bombardier used to dominate the regional jet market but has seen its leadership dwindle since Embraer introduced its E-Jet family in 2003.

Spronck says Bombardier’s deliveries of planes in the 30– to 120-seat segment will fall to 31 per cent over the next three years, from 45 per cent achieved over the past 12 years.

Embraer has won $4.9-billion (U.S.) worth of orders from U.S. carriers since late 2012 compared with just $1.9-billion for Bombardier.

Bombardier’s CRJ jets are lighter and have a few more seats than the E-Jets, but have a shorter range, less efficient aerodynamics and a smaller cabin.

Embraer’s new E2 jets are undergoing a $1.7-billion facelift that will improve operating efficiency, in part by adding the Pratt & Whitney geared turbofan engine that will power Bombardier’s CSeries.

Bombardier has said its CRJ family of planes are competitive, but Spronck says the manufacturer will need to develop a new regional plane or concede even more market share.

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