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Latin America Investment News on Viva Tropical

Latin America Demands More Commercial Aircraft

Article Summary:

According to Airbus, Latin America will need 2,000 new passenger planes over the next 20 years and the leading aircraft manufacturers are eager to land in this emerging market. Currently, the Latin American market for commercial aircraft is shared between four manufacturers: Boeing 38%, 36% for Airbus, Embraer 11% and 6% for Bombardier, with the remainder distributed among smaller companies, such as ATR and Fokker.

Photo Credit: Prensa Honduras

Original Article Text From Prensa Honduras via Google Translate :

More planes for Latin America

Remember the feeling of traveling for the first time? Each year, thousands of people in Latin America and the Caribbean are looking forward to tackling his first plane flight, buckle up and wait for takeoff. As eager as aircraft manufacturers covering this market, mainly driven by lower prices.

Patricio Sepulveda, vice president for Latin America and the Caribbean of IATA (The International Air Transport Association, an organization that governs the aviation industry in the world), says that “in real terms, the current rates have been reduced by 7% compared to 2000 and 62% compared to 1970. ”

The region performs an annual flight rate of 0.53 per capita, still far from 1.56 to 2.35 Europe or the United States. Moreover, being away from the cap gives ample room for this market development.

For example, only in Brazil, in 2011 there were 10.7 million passengers boarded a plane for the first time.

This growth in demand for 2011 is driven by flights within the region, domestic and international, including Latin America and the Caribbean.

“In 2011 the international traffic between the countries of the region made up 9.5% and international traffic to other regions grew by only 1.3%, a trend that will continue,” said Alex de Gunten, executive director of ALTA (Latin American and Caribbean Air Transport Association).

With bags packed, the cake is served to aircraft manufacturers.
According to Airbus, the region will need two thousand new passenger planes over the next 20 years. The manufacturers are very clear growth figures and prepare to land in this market.

The cake air
The biggest airlines in the region are TAM-LAN, AviancaTaca, Gol and Aeromexico, all with fleets of over 100 aircraft. But there is one thing. “Over 70% of these are new generation compared with 20% for 10 years,” said Alex de Gunten.

The Latin American market for commercial aircraft is shared between four manufacturers: Boeing 38%, 36% of Airbus, Embraer 11% and 6% of Bombardier, with the remainder distributed in proportion of smaller companies, such as ATR and Fokker.

“The trend is to buy short-range aircraft, based on the density of traffic between city pairs,” says Sepulveda.

According to aviation consultant Ascend currently 67% of aircraft in Latin America are narrow-body and only 12% are wide-body twin-aisle passenger. The wide-body aircraft carrying 200 to 600 passengers, while the largest narrow-body plane takes a maximum of about 250.

Have larger capacity aircraft is a possibility considering a number of passengers, according to figures from Airbus in 2030 will double the current. This according to the floor of the projections. Because, according to IATA, the Latin American traffic will nearly quadruple in 20 years.

If all goes well and airports are sufficiently expeditious, Latin America can boast of a truly regional interconnection, enabling more business partnerships and new business.

Link to Original Article:

From Prensa Honduras

Latin America Investment News on Viva Tropical