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Brazil A Growth Market For Aviation

by Mike Godfrey, Tax-News.com, Washington

16 November 2012


Brazil, the world's fourth largest passenger traffic market, will order more than 1,000 new aircraft by 2031, worth USD160bn, according to the latest Global Market Forecast from Airbus.

Brazilian operators will require 700 single-aisle aircraft, 310 twin-aisle aircraft and 50 very large aircraft to satisfy demand expected from the nation's rapidly-growing air travel market.

The Brazilian economy is expected to more than double in size over the next twenty years. The country's domestic air traffic market has doubled in size since 2006, and grown by 34% since 2009, with foreign carriers largely making up the increased market share. As a key destination for international tourism and one of the world’s top 10 metropolitan areas, more than a third of long-haul traffic to Latin America arrives through Brazil, making Sao Paulo and Rio de Janeiro the region’s major gateways.

According to Airbus, the Brazilian industry will make up the bulk of demand from the Latin American region. The region as a whole will require more than 2,100 new aircraft over the next 20 years, including 1,660 single-aisle, 420 twin-aisle and 40 very large aircraft, with an estimated value of USD242bn. Globally, by 2031, some 28,200 new aircraft valued at USD4 trillion will be required to satisfy future robust market demand.

Presently, Airbus aircraft account for 60% of the planes operated in Brazil. However, a major competitor for Airbus will be local firm Embraer - the world's third largest aircraft manufacturer, which has announced that it is developing very-long-range business jets, and is also looking to expand on the capacity of its commercial airliner offering with a modern aircraft with 130 seats. Presently, the Embraer 195 is the firm's largest commercial passenger aircraft, carrying up to 122 passengers, although the Embraer 190, with capacity for 110 persons, has received significantly more market interest due to its improved range.

TAGS: aviation

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