in Aerospace

Latin America fleet to more than double over next 20 years

Posted 30 March 2017 · Add Comment

According to the most recent Airbus Global Market Forecast presented by Rafael Alonso, President of Airbus Latin America and Caribbean, at the International Brazil Air Show, Latin America's passenger and freighter fleet will surpass 3,000 in the next 20 years, more than double the fleet in-service today.



Fueling this aircraft demand is Latin America’s passenger traffic growth, which is forecast to grow on par with the world average by 4.5% annually until 2035. This growth rate takes into account the 3.8% increase traffic between Latin America and other continents as well as the 4.9% increase in Latin America’s domestic and intra-regional traffic in the next 20 years. Latin America’s middle classes will also play a role in prompting growth, reaching half a billion people by 2035, more than double the number in 2006.

Rafael Alonso said: “There’s no doubt that solid long-term growth is in store for Latin America, and we see single-aisle aircraft leading the demand. We believe the A320neo Family, already flying with Latin America’s top carriers, remains perfectly suited to deliver on future growth and efficiency demands in the region, given its superior performance and comfort.”

Alonso added: “In the next 20 years Latin America will also be impacted by the rise of low-cost carriers in key markets such as Colombia, Chile, and Peru. This business model will impact market dynamics in the years to come, especially in domestic and intra-regional travel. Looking ahead, we also see a good opportunity for the region’s carriers to be more bullish on developing intra-regional routes, a space in which Latin America is less developed than other regions.”

In Brazil, where the aviation industry contributes over US$32 billion to the country’s GDP, fleets serving the country will require over 1,400 aircraft by 2035 to meet market demand. This will be driven by an increase in Brazilians’ propensity to travel, predicted to double the amount of trips per capita, and the acceleration of traffic growth which is forecasted to increase by 4.8% annually in the next 20 years, above the region’s and world’s rates.

With over 1,000 aircraft sold and a backlog of nearly 450, almost 650 Airbus aircraft are in operation throughout Latin America and the Caribbean, representing a 53% market share of in-service fleet. Since 1990, Airbus has secured more than 60% of net orders in the region and in the past 10 years, Airbus has tripled its in-service fleet in Latin America.

* required field

Post a comment

Other Stories
Advertisement
Latest News

CAA launching new airspace change process

In 2015 the CAA started reviewing its airspace change process and after nearly three years of detailed work and two public consultations, it is now launching its new process which will take effect from 2nd January 2018.

Colas UK to help build Ugandan airport with UKEF support

Transport infrastructure firm Colas UK has secured a contract to support construction of the new Ugandan Hoima International Airport in Kabaale, following the largest ever UK Export Finance (UKEF) loan to an African government.

Qazaq Air signs for two Q400s

Bombardier Commercial Aircraft has announced that Qazaq Air JSC of Kazakhstan has signed a firm purchase agreement for two new Q400 turboprops.

Zodiac Seats UK partners wth Tata Technologies

Tata Technologies today announced that it had entered into a strategic partnership agreement with Zodiac Seats UK to support the company's engineering requirements.

Exeter Airport tops HappyOrNot's Airport Report, Newcastle fifth, Southend sixth and Cardiff seventh

HappyOrNot's inaugural Airport Report has ranked Exeter Airport as the world's happiest airport, Newcastle came fifth, London Southend Airport sixth and Cardiff Airport seventh, following feedback from 160 airports across 36

Albacom secures contracts in India

Dundee-based Albacom, which specialises in providing electrical components for the defence and aviation industry, has secured two six-figure contracts with Indian defence companies.

SMI NCWSK2011171217
See us at
Aviation Africa BT18418SMI NCWBT3110020218S&P BT281117080318SMI FAVSABT2411120418FIL18 BT111017220718