November 27, 2013
Aircraft required to serve Brazilian market to nearly triple by 2032
According to the latest Airbus Global Market Forecast (GMF) the Brazilian air travel market will need 1,324 aircraft by 2032 to address the country’s rising international and domestic air travel requirements. The 896 single-aisle, 353 twin-aisle and 75 very large aircraft (VLA) are forecast to help meet the rising demand from domestic and foreign carriers in Brazil almost tripling the in-service fleet from today’s 480 to more than 1320 aircraft by 2032. With a GDP forecast to grow at 4% annually, above the world average of 3.1%, socioeconomic trends suggest Brazil’s economy will more than double over the next 20 years. Brazil’s air traffic is expected to follow suit, growing at an annual rate of 6.8 percent by 2032, far exceeding the world average of 4.7%. Driven by a growing middle class, increased consumer spending as well as a booming tourism sector, Brazil represents 35% of all Latin America’s air traffic, making it the region’s largest and amongst the fastest growing markets, having more than doubled since 2000. Since then, international traffic alone has increased at an impressive 87%. As the market has grown, carriers from Brazil have been unable to benefit at the same pace as foreign carriers such as those from Europe and North America. More than 40% of South America’s long-haul traffic arrives through three Brazilian airports, including Guarulhos International Airport in Sao Paulo which is the number one international airport for long-haul traffic in Latin America. Very large aircraft such as the A380, would be ideal aircraft for these cities with their high density traffic including Rio. VLAs can carry more passengers with fewer flights, while meeting the international air traffic requirements needed to serve long-haul flights to Europe and North America. The country’s domestic air traffic market has grown an impressive 2.4 times since 2000, consolidating Brazil’s position as the fourth largest domestic market in the world by 2032, only surpassed by China, the United States and India.