In its latest Global Market Forecast, Airbus has revealed that Brazil will need 1,060 new aircraft between 2012 and 2031. The 700 single-aisle, 310 twin-aisle and 50 very large aircraft forecasted have an estimated current market value of $160.7bn (approximately £100m).
The aircraft are expected to help meet the demand of domestic and foreign carriers as well as addressing Brazil’s rapidly growing air travel market.
The Airbus Global Market Forecast expects that in the next 20 years Latin American airlines will require more than 2,100 new aircraft, including 1,660 single-aisle, 420 twin-aisle and 40 very large aircraft, estimated at approximately $242bn.
Globally, by 2031, some 28,200 new aircraft valued at $4.0trn will be required to satisfy future robust market demand.