According to Airbus and Boeing, the two major aircraft manufacturers worldwide, the Latin American region will double the size of its commercial aircraft fleet in the next two decades. Brazil will account for 30% of the demand for new planes. Narrowbody families such as the Airbus A320 and the Boeing 737 will sustain much of the sales in the region.

How many new planes will the region need?

The Latin American region has bounced back fast from the COVID-19 pandemic, with a full recovery expected between 2023 and 2023. Some markets are already growing versus 2019 levels, such as Mexico, Colombia, and the Dominican Republic, where airlines such as Volaris, Viva Aerobus, Avianca, Viva Colombia, and Arajet are trendsetters, and key customers for aircraft manufacturers Airbus and Boeing.

Boeing expects the region will need 2,240 new aircraft by 2041. According to the company’s forecast for the commercial aviation market, the Latin American fleet will grow by more than 85% over the next 20 years, with Brazil accounting for 30% of the demand.

A LATAM Boeing 767 seen from an Aeromexico 737 MAX window

Photo: Daniel Martínez Garbuno | Simple Flying.

Meanwhile, Airbus expects Latin America’s in-service fleet will nearly double, from 1,450 aircraft currently in service to 2,850, over the next two decades. The region will need 2,550 new planes. More than half of these aircraft will meet growing demand, while 45% will support replacing less fuel-efficient aircraft, significantly improving the region’s environmental footprint.

The European OEM said that 2,330 of the 2,550 planes would be narrowbody. Currently, Airbus holds around 60% of the unfilled orders in the region, with customers across the region, particularly in the ultra-low-cost segment.

Boeing said these new deliveries will more than double the current fleet and be used on popular tourist routes between North America, Mexico, and the Caribbean, as well as expanding intra-regional networks.

Strong recovery in the region

David Franson, regional director of market forecasting at Boeing, said that Latin America has shown strong recovery in air travel, particularly in domestic markets, with airlines in the region successfully using single-aisle fleets for short-haul flights and expanding their global networks.

In particular, Boeing expects Brazil to be one of its great customers in the next two decades. The South American country will account for 30% of the demand for new aircraft in the region. “Brazil is the largest market in the region and is well positioned for a healthy recovery beyond short-term market disruptions. Currently, of flights originating in Latin America, 28% are from Brazil,” added Franson.

A Volaris aircraft

Photo: Volaris.

Boeing and Airbus’ strongest customers in the region

As of October 2022, Boeing has 183 unfilled orders in Latin America & the Caribbean. According to its website, Boeing still has to deliver 176 new Boeing 737 MAX planes to Aerolíneas Argentinas (seven), Arajet (20), Bain Capital Griffin International (one), Copa Airlines (36), GOL Linhas Aéreas (92), and Goshawk Aviation Limited (20), plus seven widebodies to LATAM Airlines Group (six Boeing 787-9 and one B777F).

Meanwhile, Airbus still has to deliver 473 new aircraft in Latin America and the Caribbean. Among Airbus’ top customers with unfilled orders are Avianca (still has to receive 88 units), Azul Finance LLC (18), JetSMART (92), LATAM (86), Viva Aerobus (32), Viva (22), and Volaris (121).

Which airlines in the Latin American region do you expect to have the most growth in the next two decades? Let us know in the comments below.

Source: simpleflying.com

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