Latin American and Caribbean airlines will need 2,300 aircraft by 2033

According to Airbus’ latest Global Market Forecast (GMF), Latin American and Caribbean airlines will require 2,294 new passenger and freighter aircraft between 2014 and 2033, including 1,784 single-aisle, 481 twin-aisle and 29 very large aircraft (VLA) worth an estimated US$292 billion. Globally, by 2033 some 31,358 new passenger and freighter aircraft valued at nearly US$4.6 trillion will be required to satisfy future robust market demand. Latin America and the Caribbean has become one of the most urbanized regions in the world. The region’s GDP is currently growing at 3.9 percent per year, a growth rate above the world average of