The Brazilian aviation travel market will need to triple its fleet size by 2032, to help meet the rising demand from domestic and foreign airlines, according to new forecasts.
The latest Airbus Global Market Forecast (GMF) revealed Brazil’s air traffic is estimated to grow at an annual rate of 6.8 percent by 2032, driven by a developing middle class and increased consumer spending.
International traffic to Brazil has grown 87 percent since 2000, with more than 40 percent of South America’s long-haul traffic arriving through three Brazilian airports.
“With nearly half of the region’s long-haul traffic going through Brazil, the A380 could alleviate traffic congestion at busy airports, such as Guarulhos, which represents 25 percent of total international traffic in Latin America,” Airbus chief operating officer customers John Leahy said.
Brazil is also forecast to possess the world’s fourth largest domestic aviation market by 2032, given that the industry has grown 2.4 times over since 2000.
“The A350 XWB and A320neo deliveries starting from the second half of 2014 and 2015, respectively could not come soon enough, with single and twin-aisle aircraft making up the vast majority of aviation demand in Brazil,” Mr Leahy said.