Aircraft Industry: Boeing and Airbus: Latin America Is Highly Important to them

It is estimated that in 20 years Latin America will require more than two thousand new passenger aircrafts: 1,653 single-aisle aircraft, twin-aisle 334 units and 41 large aircraft, which together have a market value of $197 billion.

The rise of the middle class in Latin America and the growth of their economies have been reflected in the development of the aviation industry on the continent, bringing synergies to buy 810 aircrafts produced by Airbus during the last 14 years.

The European manufacturer has a business relationship with 27 airlines in the region, with 457 aircrafts in service in their fleets. Only last year and at the beginning of 2013, Airbus received orders for 160 airplanes from six South American operators.

Avianca, TAM, LAN, Volaris, Interjet and Sinergy submitted 364 orders to Airbus to build A320 models that have a single aisle and are more efficient for regional flights, and A330 that have two aisles, more passenger capacity and the autonomy to travel long distances.

Amaya Rodríguez-González, Airbus’ Marketing Director for Latin America, said that the air traffic has doubled in the past 15 years and that history is expected to be repeated in the 15 years to come. The growth of air transport today is higher in growing economies like Latin America which provides a 6% annual increase of passengers per kilometer mobilization.

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