Photo provided by Airbus

Airbus Forecasts 2677 Aircraft for Latin America over Next Two Decades

From 2017 to 2036, Latin America and the Caribbean will need 2,677 new passenger and freight aircraft to meet rising demand, according to the latest Airbus Global Market Forecast (GMF). Valued at US $352 billion, this demand accounts for 2,084 single-aisle and 593 twin-aisle aircraft. This implies that the region’s in-service fleet will more than double from the 1,211 aircraft currently in-service today to 2,882 within the next two decades. Of these aircraft, 1,006 will be for replacement of older-generation…