Brazil’s Aviation Industry Set For Take Off

Over the next 20 years air carriers in Latin America will require 2,180 new airplanes worth approximately USD210bn as growth in air travel in the region is expected to outpace the world average, Boeing has forecast. Latin American air travel is expected to grow by approximately 70% over the next two decades, driven by an above average economic growth rate of approximately 4% per year. As the region’s economies grow, airlines will need more airplanes to accommodate more people with access to air travel, says Boeing. Read Article