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RIO DE JANEIRO, BRAZIL. From 2016- 2035, Latin America will require 2,570 new passenger and freighter aircraft, including 2,030 singleaisle and 540 widebody, worth an estimated $350 billion. According to the most recent Airbus Global Market Forecast presented by Rafael Alonso, President of Airbus Latin America and Caribbean, at the International Brazil Air Show, Latin America’s passenger and freighter fleet will surpass 3,000 in the next 20 years, more than double the fleet in-service today.
Fueling this aircraft demand is Latin America’s passenger traffic growth, which is forecast to grow on par with the world average by 4.5 per cent annually until 2035. This growth rate takes into account the 3.8 per cent increase traffic between Latin America and other continents as well as the 4.9 per cent increase in Latin America’s domestic and intra-regional traffic in the next 20 years. Latin America’s middle classes will also play a role in prompting growth, reaching half a billion people by 2035, more than