Boeing projects Latin American airlines will
need 3,050 new airplanes valued at US$350 billion in the next two
decades, tripling the region’s current fleet size.
the long term, Latin American economies will grow faster than the
rest of the world,” said Donna Hrinak, President, Boeing Latin
America. “This growth will create increased passenger traffic in
the region and drive Latin American airlines to expand and compete
for business that has traditionally been dominated by foreign
To meet increased passenger traffic, Boeing
forecasts the region will require more than 2,500 new single-aisle
airplanes over the next 20 years, reflecting the continued growth
of low-cost carriers and further expansion of networks in the
Widebody demand is forecasted at 340 new
airplanes as regional carriers continue to compete more strongly
on long-haul routes.
America and the Caribbean now feature a younger fleet than the
world average. The average airplane age in the region’s fleet continues to drop, going from more than 15 years in 2005 to less
than 10 years today. The region has also been in a steady replacement cycle since the mid-2000s and that trend will continue as nearly
60% of the current fleet is replaced over the next two decades.
The addition of the 787 Dreamliner to the LATAM,
Avianca and Aeromexico fleets has allowed the airlines to open new
routes and gain access to markets that were previously not
possible. Aeromexico operates a nonstop 787 Dreamliner flight from
Mexico City to Tokyo, a route that previously required a refueling
In 2015, LATAM operated the world’s first 787 ETOPS
mission beyond 180 minutes from Santiago, Chile to Auckland, New
Zealand. Later this year, LATAM will utilize the full 330 minute
ETOPS on the same route, trimming 90 minutes off the flight tame
and saving up to 2,500 gallons of fuel per trip.
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