The executive jetliner industry is expected to boom over the coming years. And Brazilian aviation giant Embraer said Asia-Pacific will lead this expansion, with growth forecast at 9 per cent annually over the next decade.

The Lineage 1000 is touted as the airborne equivalent of a three-room penthouse.

Owners of such executive jets include F1 driver Rubens Barrichello, and aviation companies expect more people to travel in private planes in the future.

Embraer said despite the global recession, the executive jetliner market looks set to take-off. The company estimates that some 10,000 jetliners - worth a total of almost US$190 billion - will be delivered over the next 10 years.

Embraer has sold 16 of its Legacy 600 jetliners to owners based around the Asia region. But it said the market is relatively untapped compared to Europe and North America.

With China and India pulling out of the global recession faster than nations in the West, the company expects these economic giants to drive the upward trend in executive jetliners.

Embraer said Singapore is in a good position to take advantage of the sector expansion.

"If you have business abroad, outside Singapore, (depending) how frequent you need to travel and how much time you have, it's much easier and convenient, especially in Singapore ... to fly in and out in an executive jet," said Jose Eduardo Costas, VP of Marketing & Sales, Executive Jets, Embraer Asia-Pacific.

The company said Asia accounts for 12 per cent of the executive jetliner aviation market, but not all of its buyers are high net-worth individuals.

Other clientele include fractional owners, which operate on a time-share concept, as well as companies offering taxis and chartered services.