Embraer: Demand for regional jets to surge

China will need 1,070 regional jets with 70 to 130 seats over the next 20 years, making it the third-largest regional aviation market after the United States and Europe, according to the latest report released on Tuesday by Brazil-based aircraft manufacturer Embraer SA.

From 2017 to 2036, demand for regional jets in China will account for 17 percent of the total. Last year, there were 137 such aircraft in operation in China, said Embraer SA, the third-largest aircraft manufacturer after Boeing Co and Airbus Group SE.

Currently, Embraer accounts for 61 percent of global deliveries in the 70 to 130 seats jet segment, followed by Bombardier Inc of Canada and Russia's Sukhoi, respectively taking 31 percent and 4 percent of the market.