Airbus: Aircraft required to serve Brazilian market to nearly triple by 2032

Airbus stated (26-Nov-2013) aircraft required to serve Brazilian market to nearly triple by 2032. According to the latest Airbus Global Market Forecast (GMF) the Brazilian air travel market will need 1324 aircraft by 2032 to address the country's rising international and domestic air travel requirements. The 896 single-aisle, 353 twin-aisle and 75 very large aircraft (VLA) are forecast to help meet the rising demand from domestic and foreign carriers in Brazil almost tripling the in-service fleet from the current 480 to more than 1320 aircraft by 2032. Details include:

• Economic forecasts: With a GDP forecast to grow at 4% p/a, above the world average of 3.1 percent, socioeconomic trends suggest Brazil's economy will more than double over the next 20 years.;
• Traffic: Brazil's air traffic is expected to follow the economic growth trend, growing at an annual rate of 6.8% by 2032, far exceeding the world average of 4.7%. The country's domestic air traffic market has grown an impressive 2.4 times since 2000, consolidating Brazil's position as the fourth largest domestic market in the world by 2032, only surpassed by China, the US and India. Airbus commented, "Driven by a growing middle class, increased consumer spending as well as a booming tourism sector, Brazil represents 35 percent of all Latin America's air traffic, making it the region's largest and amongst the fastest growing markets, having more than doubled since 2000. Since then, international traffic alone has increased at an impressive 87 percent. As the market has grown, carriers from Brazil have been unable to benefit at the same pace as foreign carriers such as those from Europe and North America";
• Concentration of traffic at airport: Airbus noted that more than 40% of South America's long-haul traffic arrives through three Brazilian airports, including Sao Guarulhos International Airport which is the largest international airport for long-haul traffic in Latin America;
• Average fleet age: Airbus noted that airlines in Brazil have an average age of seven years, 34% lower than the world's average. The average age of Latin America's in-service fleet is currently 9.5 years, down 42% since 2000;
• Aircraft demand forecast for Latin America: In Latin America, Airbus foresees a 20-year demand for more than 2307 new aircraft, including 1794 single-aisle, 475 twin-aisle and 38 very large aircraft, estimated at approximately USD292 billion. With more than 800 aircraft sold and a backlog of almost 400, over 500 Airbus aircraft are in operation throughout Latin America and the Caribbean. In the last 10 years, Airbus has tripled its in-service fleet, while delivering more than 60% of all aircraft operating in the region. [more - original PR]