According to the latest Airbus Global Market
Forecast, Latin America and the Caribbean will need 2,677 new
passenger and freighter aircraft from 2017-2036 to meet rising
Valued at US$352 billion, this demand accounts for 2,084
single-aisle and 593 twin-aisle and very large aircraft.
implies that the region’s in-service fleet will more than double
from the 1,211 aircraft in-service today to 2,882 in the next two
Of these new aircraft, 1,006 will be for replacement of
older-generation aircraft, 1,671 will be accounted for growth, and
205 are expected to remain in service.
Airbus also forecasts
passenger traffic to, from and within Latin America and the
Caribbean to grow 4.4% annually until 2036. The region’s
domestic and intra-regional traffic will grow even quicker at 4.8% per year, while the highest traffic growth is expected to
be on routes to the Middle East (6.1%) and to Asia Pacific
(5.8%). A key factor fueling this growth is the region’s
middle class which is expected to increase to half a billion
people by 2036.
“We are optimistic about the long-term outlook
for Latin America’s air transport sector now that we are starting
seeing clear signs of economic recovery across the region,
signaled by the region’s GDP, which is predicted to grow above the
world’s average at 3%,” said Rafael Alonso, President
of Airbus Latin America and Caribbean, at the ALTA Airline Leaders
Forum. “Also, with long-haul traffic escalating we think Latin
American carriers can capture market share that is currently being
lost to foreign carriers on routes to Asia-Pacific, Europe, the
Middle East and North America.”
In Argentina, where the economy is forecast to increase by 2.6% annually in the next 20
years, fleets serving the country will require 330 aircraft by
2036 to meet market demand. This will be driven by an acceleration
of traffic growth to and from the country, which has doubled in
the last 20 years.
By 2036, the number of aviation mega-cities
globally will increase from 58 to 95, and the current regional
mega cities of Bogota, Buenos Aires, Lima, Mexico City, Santiago
and Sao Paulo will be joined by Cancun, Panama City, and Rio de
Janeiro. These nine megacities will account for 150,000 long-haul
A more than doubling in the commercial fleet
over the next 20 years yields a need for 49,130 new pilots and
53,800 new maintenance engineers, providing a growth opportunity
for Airbus’ regional customer services outposts.
In the last three
years alone, Airbus has expanded its global network of training
locations from 5 to 16, with two being in Latin America - the
Airbus Mexico City Training Center opened in 2015, and the Airbus
Brazil Training Center, opened in 2016.
With over 1,000 aircraft sold and a backlog of
nearly 450, more than 650 Airbus aircraft are in operation
throughout Latin America and the Caribbean, representing a 53%
market share of in-service fleet.
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