Reading Time: 2 minutes From 2016-2035, Latin America will require 2,570 new passenger and freighter aircraft, including 2,030 single-aisle and 540 widebody, worth an estimated US$350 billion. According to the most recent Airbus Global Market Forecast presented by Rafael Alonso, President of Airbus Latin America and Caribbean, at the International Brazil Air Show, Latin America’s passenger and freighter fleet […]
Reading Time: < 1 minute British Airways launched a four times weekly service from London Heathrow (LHR) to Santiago (SCL) in Chile on 3 January. Instead of greeting British Airways’ inaugural flight from London Heathrow with a traditional water arch salute, Santiago’s fire fighters brought out the biggest Union Flag in South America to greet the 787-9 as it touched down […]
Reading Time: 2 minutes Bombardier Business Aircraft announced that the first Challenger 650 aircraft registered and operated in Mexico had entered service in the region earlier this year. This aircraft joins the Bombardier business jet fleet in Latin America composed of approximately 550 aircraft in service, including approximately 200 Bombardier business aircraft in Mexico. “The Challenger 650 jet is […]
Reading Time: < 1 minute CAE inaugurated today a new Airbus A350 CAE 7000XR Series full-flight simulator to meet the pilot training needs of Latin American carriers and to support a specific long-term training agreement concluded in FY15. The new training equipment is located at CAE’s training centre in Sao Paulo, Brazil and brings the total number of full-flight simulators […]
Reading Time: 4 minutes Through careful analysis of the largest aviation manufacturers (Airbus, Boeing and Embraer) and market activity tendencies, it is true to say that despite the current political and economical instability, Latin America’s aviation market is predicted to grow steadily for the next 20 years at the average rate of 6% annually. Consistent economic growth of 3.6% […]
Reading Time: 2 minutes American Airlines Group Inc. (NASDAQ: AAL) reported its first-quarter financial results before the markets opened on Friday. The company said it had $1.25 in earnings per share (EPS) on $9.4 billion in revenue, compared to consensus estimates from Thomson Reuters of $1.19 in EPS on revenue of $9.44 billion. In the same period of last […]
Reading Time: 2 minutes Despite the region’s current headwinds, which stem mainly from political and economic instability, prospects for mid and long-term growth remain positive in the coming years. An economic turnaround is expected, addressing macroeconomic imbalances and restoring business confidence. This recovery will result in more equitable income distribution and deeper regional integration, which will boost demand for […]
Reading Time: 3 minutes The International Air Transport Association (IATA) called on governments and aviation stakeholders in Latin America and the Caribbean to work together to harness the power of aviation connectivity to drive economic growth and job creation in the region. “Air transport in Latin America and the Caribbean supports more than 4.9 million jobs and $153 billion […]
Reading Time: 2 minutes Boeing projects Latin American airlines will need 3,050 new airplanes valued at $350 billion in the next two decades, tripling the region’s current fleet size. “Over the long term, Latin American economies will grow faster than the rest of the world,” said Donna Hrinak, President, Boeing Latin America. “This growth will create increased passenger traffic […]
Reading Time: 3 minutes According to the latest Airbus Global Market Forecast (GMF), Latin America will need 2,540 new passenger and freighter aircraft between 2015 and 2034, to meet long term growth in the region. This demand includes 1,990 single-aisle and 550 widebody like the A330, A3350 XWB and A380, worth an estimated US$330 billion. This demand will mean that the passenger […]