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| Embraer jets. Photo: Embraer |
[Avionics Today 11-13-2014] Embraer Commercial Aviation forecasts that airlines in Latin America will take delivery of 700 new jets in the 70 to 130-seat segment over the next 20 years, representing 11 percent of the worldwide demand for jets of this size by 2033. It is estimated that 63 percent of these units will support growth and 37 percent will replace older-generation aircraft.
According to the report, the region will post solid economic annual growth of 3.8 percent over the next 20 years based on a favorable external environment, political and macroeconomic stability, and more equitable income distribution. Per capita Gross Domestic Product (GDP) will increase by 2.9 percent annually from $9,050 to $15,960 in the same period. The annual growth in demand for air transport has been robust over the last five years at 7 percent, a trend that is expected to continue over the next 20 years, when the region will grow 6 percent annually.

With economic growth and investments leading to more regional integration, secondary markets are poised to drive the demand for new air travel for which Embraer believes fleet optimization and right-sizing will be key.