The Latin America aviation market will more than double in 20 years as Brazil’s economy recovers and discount carriers boost demand, driving a need for 2,960 new planes, according to Boeing Co.
“Low-cost carriers have really been the engine of growth in Latin America,” Darren Hulst, Boeing’s managing director for market analysis & sales support, said Tuesday in Sao Paulo. Discounters currently make up 35% of the total market and will continue to attract more customers in the region as they make flying affordable to the lower-income population, he said.
