Boeing Forecasts Latin America and Caribbean
Region to Need 2,240 New Planes by 2041
(25/10/22)
With Latin American air travel outpacing the
industry’s global recovery, Boeing has forecast the region’s commercial fleet to grow by more than 85% over the next 20 years, fueled
by the strength of domestic and intra-regional travel.
In total, the Latin American and Caribbean region
will need 2,240 new airplanes by 2041, according to Boeing’s 2022
Commercial Market Outlook (CMO).
The annual projection for
commercial airplanes and services, forecasts that more than 2,000
single-aisle deliveries will more than double the current fleet to
serve popular leisure routes between North America, Mexico and
Caribbean, while also expanding intra-regional networks.
As the
fleet grows, demand for commercial aviation services will grow as
well, reaching $165 billion in value over the forecast period.
“Latin America has seen a strong recovery in air
travel, particularly in domestic markets, with airlines in the
region successfully leveraging single-aisle fleets for short-haul
flights and expanding global networks,” said David Franson, Boeing
Regional Director of Market Forecasting. “Airlines will continue
to navigate Latin America’s challenges to make air transportation
more available and attractive to travelers in the region.”
Boeing expects more than half of new airplane deliveries will
accommodate growth in commercial aviation across the continent,
with the remaining orders replacing older airplanes with more
fuel-efficient models such as the 737 MAX, 787 Dreamliner and
777X.
In the past decade, Latin American
carriers have opened more than 200 city pairs across the region, a
foundation for future single-aisle demand that will account for
over 90% of deliveries.
The 2022 Latin America CMO also includes the
following
projections through 2041:
- Passenger traffic in the region is expected to
grow at 4.4% annually;
- Latin America’s freighter fleet is predicted to
grow by nearly 50% to 160 airplanes, aligned with global trends
for long-term air cargo demand;
- The region’s carriers will see demand for
118,000 new aviation personnel, including 35,000 pilots, 35,000
technicians and 48,000 cabin crew members in the next two decades.
Fleet renewal is a key component of decarbonizing
aviation. New airplanes provide significant efficiency gains with
each generation reducing fuel use and emissions by approximately
15-25%.
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