A new report from Airbus foresees air traffic in Brazil to grow 6.8 percent annually by 2032, which is well over the 4.7 percent global average.
The Airbus Global Market Forecast examines air transport trends, developments and year-by-year fleet changes of over 200 freight operators and 800 passenger airlines for the next two decades, Airbus said.
The report states there will be a need for more than 2,307 new airplanes in Latin America worth about $292 billion and Brazil will require 1,324 aircrafts in order to meet local and international air travel demands
Brazil is considered the largest market in the region as the country represents 35 percent of the air traffic sector, with growth attributed to increases in consumer spending and Brazil’s tourism segment as well as its growing middle class.
International traffic grew by more 87 percent and the domestic market grew 2.4 times since the year 2000, placing Brazil as the fourth biggest domestic segment worldwide in 20 years after China, U.S. and India.
