November 22. The Brazilian OEM Embraer expects the Latin American and Caribbean region to need 2,400 new aircraft by 2040, according to its latest market outlook. There’s an excellent opportunity to introduce new aircraft types for greater fleet versatility in this region, said Embraer.
Latin American & the Caribbean has one of the most untapped markets in the world. Many countries average less than one trip per capita every year, making the region fertile for airlines to attract new travelers consistently.
Actually, that’s one of the strategies of low-cost carriers in Latin America, creating a new market by taking passengers off the bus lines rather than competing with legacy airlines. Embraer understands there are many underserved low and medium density cities with poor or no air service.
These markets are perfect for Embraer’s portfolio of aircraft. The Brazilian OEM believes the turboprop and up to 150 seats jets segments could have up to 940 new deliveries in the next two decades. Latin America & the Caribbean account for 8.0% and 8.8% of the future deliveries of both segments worldwide until 2040, said Embraer.
Source: Simple Flying