WASHINGTON, Oct. 25 (Sputnik) — Demand for commercial jetliners in Latin America and the Caribbean region is expected to nearly double over the next two decades, Boeing said in its annual Commercial Market Outlook (CMO) report.
“With air travel in Latin America outpacing the industry’s global recovery, the region’s commercial fleet is expected to grow by more than 85% over the next 20 years, fueled by the strength of domestic and intra-regional travel,” Boeing said in a press release. In Monday. “The region is well positioned for a healthy recovery beyond short-term market disruptions.”
According to the CMO, the Latin America and Caribbean region will need 2,240 new aircraft by 2041 and more than 2,000 single-aisle deliveries will more than double the current fleet to serve popular leisure routes between North America, Mexico and the Caribbean, while expanding intra-regional networks.
“As the fleet grows, demand for commercial aviation services will also grow, reaching $165 billion in value over the forecast period,” the CMO said.
More than half of new aircraft deliveries will increase overall capacity and commercial aviation growth in Latin America, with the remaining orders replacing older aircraft with more fuel-efficient models such as the 737 MAX, 787 Dreamliner and the 777X, Boeing said.