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air traffic in Latin America will double in the next 20 years driven by the growth of the middle class in the region.
In a study conducted by Airbus, indicated that air travel in Latin America double in the next two decades thanks to the anticipated growth of the middle class in the region of 350 million to 520 millions for 2037, and also thanks to the evolving airline business models will make travel more accessible.
Passenger traffic in the region has more than doubled since the 2002 and it is expected to continue growing in the next two decades, increasing from 0.4 travel per capita in 2017 in cases 0.9 travel per capita in 2037.
Historically, domestic traffic was the fastest growing segment, but in 2017 international intraregional traffic grew faster. Less than half of the 20 main cities of the region are connected by a daily flight, which creates great potential for airlines in the region to generate inter-regional traffic.
According to the latest Global Market Forecast (GMF) by Airbus, the Latin American and Caribbean region will need 2,720 new passenger and cargo aircraft to meet this growing demand. With a value of US $349 billion, this forecast represents 2,420 small aircraft and 300 medians, large and extra large. This implies that the fleet in service in the region will almost double from the 1.420 aircraft in service today 3.200 in the next two decades. of these planes, 940 will be for the replacement of previous generation aircraft, 1.780 will be responsible for the growth and is expected to 480 stay in service.
On 2017, Panama City joined Bogota, Buenos Aires, Lima, Mexico City, Santiago and Sao Paulo on the list of megahubs aviation in Latin America. For 2037 Cancun and Rio de Janeiro are expected to join the list. These megahubs they will have 150,000 long distance passengers per day.
Airbus has sold 1.200 planes, have a list of orders 600 planes and almost 700 already in operation in Latin America and the Caribbean, which represents a market share of 56 percent of fleet in service. From 1994, Airbus has secured almost 70 percent of net orders in the region.
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