Airframer Boeing projects that Latin American airlines over the next two decades will acquire sufficient aircraft to triple the number of aircraft currently present in the region.
This will result in the airlines acquiring approximately, 3,050 new airplanes valued at $350 billion in the next two decades.
“Over 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 operators.”
Single-aisle demand will account for the majority of the sales, with Boeing forecasting demand for more than 2,500 new single-aisle airplanes over the next 20 years, as low-cost carriers continued to grow in the region and legacy airlines continue to grow their networks.
Boeing dominates the twin-aisle segment in the region and currently, over two-thirds of twin-aisle departures from Latin America are on Boeing products. Demand from the region for widebody’ is forecast at 340 new airplanes.