Market Intelligence: Indian Subcontinent

Aircraft Manufacturer Embraer Shares 2024 Perspectives

Brazil-based global aircraft manufacturer Embraer, the third largest commercial jet manufacturer, shared its perspectives for 2024.

  • 64 commercial aircraft deliveries for 2023
  • This is one unit short of its planned 65 to 70 target but it’s still 12% more than 2022
  • Goal is to return to around 90 annual deliveries which we achieved in 2018 and 2019
  • 2023 revenue was nearly the same as 2019, it is still only at 70% of pre-pandemic output
  • Working with suppliers to grow this year’s output target by double digits
  • “One sticking point is the pilot shortage. Fewer available pilots favours interest in bigger narrowbodies, and that creates a gap between those aircraft and the regional fleet. There have been a few soft years but the shortage seems to be resolving itself. That implies that we’ll see more demand for smaller narrowbodies which should fill in that gap. In the meantime, orders for the E175 in the USA remain strong since there isn’t movement on pilot scope clauses.”

Source: Embraer
Photo Credit: Embraer

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US Aviation Training Group and Flight School, International Aero Academy, Expands Presence with New Office in India

International Aero Academy, an aviation training group and charter operator based in Lakeland, Florida, United States has officially inaugurated its new office in Mumbai, India. This expansion marks a strategic move by the academy to enhance its services and cater to the growing demand for pilot training in India.

One of the key offerings from the newly established office is the introduction of the DGCA (Directorate General of Civil Aviation) ground school as well as providing FAA ground school theory training in India, providing aspiring pilots with a comprehensive foundation in aviation theory. Additionally, International Aero Academy is set to facilitate license conversion assistance for Indian students, streamlining the process for those aspiring to pursue an aviation career.

Acknowledging India’s future position as the largest foreign consumer of U.S.-based primary flight training, the International Aero Academy expressed its honor in contributing to the training of India’s new generation of professional pilots. The academy is poised to play a crucial role in meeting the increasing demand for skilled aviators in the Indian aviation sector.

Source: International Aero Academy
Photo Credit: International Aero Academy (shown as meta image)

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Boeing Announces Latest Appointment for Managing Director of Boeing Defence India

Boeing has appointed Nikhil Joshi as the Managing Director of Boeing Defence India (BDI) in an effort to strengthen operations and accelerate growth in India.

With over 25 years of experience in the aerospace and defense industry, including service in the Indian armed forces, Joshi will lead current and future programs for BDI, focusing on improving the mission readiness and modernization of India’s defense forces. He will report to Salil Gupte, president of Boeing India and South Asia, and collaborate closely with Boeing Defense, Space & Security (BDS) and Boeing Global Services (BGS).

“We are delighted to welcome Nikhil to our team. His wealth of experience and strong leadership will drive our growth strategy in India and strengthen our commitment to continue serving our defence customers in the country,” said Scott Carpendale, vice president, Asia Pacific, Boeing Global Services ‘ Government Services (BGS-GS).

“Efficient solutions, timely support, and flawless execution are critical elements of BDI’s commitment to our customers and the Indian aerospace and defence industry,” said Salil Gupte, president of Boeing India and South Asia.

Source: Boeing
Photo Credit: Boeing (shown as meta image)

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Regional Aircraft Manufacturer, ATR, Delivered 36 Aircraft in 2023

ATR, the world’s leading regional aircraft manufacturer, announced its 2023 annual results, highlighting a robust growth through increased deliveries and sales, strong performance of support and services, acquisition of new customers and route creation.

  • ATR delivered 36 aircraft in 2023, a 44% increase from 2022. This reflects a positive momentum, while the year was still beset by lingering supply chain disruptions, with raw material and component shortages slowing down the manufacturer’s ambition to ramp up.
  • With 40 new aircraft sold in 2023, a 53% rise from the prior year, the company achieves a book-to-bill ratio at over 1.
  • ATR welcomed 11 new customers in 2023, of both new and pre-owned aircraft, and recorded over 100 transactions on the second-hand market, demonstrating the strong demand for ATR’s advanced, low-emission and cost-effective turboprops.
  • While Asia remains ATR’s most dynamic market, the company also secured orders from Latin American and European customers in 2023, for both fleet growth and replacement.
  • Overall, 160 new routes were opened by ATR aircraft last year, up from 150 in 2022.
  • ATR achieved almost $1.2 billion in revenues for the first time since the pandemic, also supported by a record year for services with revenues over $400 million.

Looking at the regional market, the company sees further demand in the next years, with expected fleet growth mainly in:

  • South Asia (India)
  • South-East Asia (Indonesia, Philippines)
  • Brazil

New regulations related to rising environmental pressure also create opportunities for ATR to capture a significant portion of the replacement market, especially in Europe, Japan, Canada and the United States, as ATR aircraft offer an immediate solution to cut down emissions dramatically compared to similar-size regional jets.

Nathalie Tarnaud Laude, ATR’s CEO, commented “2024 will be a year of stabilisation, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR.” She added: “Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics. Our turboprops remain the backbone of many regional airlines’ fleets, praised for their fuel efficiency, low emissions, cost-effectiveness and versatility.”

Source: ATR Press Release
Photo Credit: ATR Press Release

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L3Harris Commercial Aviation’s Academy Selected by Indian Flag Carrier Air India for its Newly Launched Cadet Pilot Program

United Kingdom headquartered L3Harris Commercial Aviation which offers pilot training including flight training from its bases in the United States and the United Kingdom has shared that it has been selected by India’s flag carrier Air India as a flight training partner for the airlines Fly High Cadet Pilot Program.

David Coward, VP and GM of Training Services, said: “We are delighted to be working with Air India on this program and in doing so further strengthen the partnership between our two companies. The launch of this program is testament to Air India’s confidence in our Academy to deliver the quantity of pilots that will support their significant planned growth.”

Source: L3Harris Commercial Aviation

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