Brazil set to become world's fourth largest domestic air travel market

According to Airbus, the 501 single-aisle, 174 twin-aisle aircraft and 26 very large aircraft have an estimated value of US$82 billion.

The Airbus report also predicts that by 2030, Brazil, the largest and fastest growing passenger market for Airbus in Latin America, will become the fourth largest domestic air travel market in the world, with an annual growth rate of 7.4%. It will top the US, China and India.

Some of the trends driving Brazil’s air travel growth include:

  • outstanding economic growth;
  • increased propensity to travel by air, driven by rapid growth of a travelling middle class; and
  • growing tourism economy contributing to GDP growth.

“Brazil has become one of the world’s top 10 markets for new passenger aircraft in terms of aircraft deliveries over the next 20 years,” says Rafael Alonso, Executive Vice President of Airbus for Latin American and the Caribbean.

“With international traffic to and from Brazil doubling over the past decade and showing no signs of slowing, Brazilian carriers have a tremendous opportunity to gain greater market share.”

In Latin America, Airbus foresees a 20-year demand for more than 2000 new passenger aircraft, including 1653 single-aisle, 334 twin-aisle and 41 very large aircraft, estimated at approximately $200 billion.