Atin Amer­ica leet to More than ou­ble ur­ing the

India Strategic - - APPOINTMENTS -

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

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