Airbus: Brazil will require nearly 1100 new aircraft in next 20 years

Airbus forecast (08-Nov-2012) Brazil will need 1060 new aircraft between 2012 and 2031, including 700 narrowbody aircraft, 310 widebody aircraft and 50 very large aircraft, at an estimated current market value of USD160.7 billion. Airbus stated the country's domestic air traffic market, has doubled since 2006, helping make Brazil the fourth largest passenger traffic market worldwide, following the US, China and Japan. International traffic has grown by 34% since 2009, with foreign carriers largely making up the increased market share. As a key destination for international tourism and one of the world's top 10 metropolitan areas, more than a third of long-haul traffic to Latin America arrives through Brazil, making Sao Paulo and Rio de Janeiro the region's major gateways. [more - original PR]