Latin America’s Recession has greatly slowed fleet growth, but LCCs start to assert themselves

A two year long recession in Latin America has forced the region's largest airlines - LATAM Airlines Group, Avianca Holdings, Copa and Gol - to defer aircraft deliveries to sustain their respective balance sheets in order to weather tough economic circumstances But over the long term Latin American airlines are capitalising on new aircraft technologies to broaden their competitive reach within, and to/from, the region.