Latin American Demand for Commercial Aircraft Rising

At the Latin America Airfinance Conference in Rio de Janeiro, Boeing (BA) predicted that the region’s airlines will need 1,730 airplanes worth $120 billion over the next 20 years as air travel in the region grows roughly 6.6% above the world average of 5%. Over the next 20 years 80% of planes delivered to the region will be single-aisle jets with 90 seats or more; planes with 200 to 400 seats are expected to make up 12%, and regional jets with fewer than 90 seats, 8%. Jumbo jets such as the Boeing 747 or Airbus A380 will be less than 1%.