Planemakers shrug off Brazil gloom, forecast growth in Latin America

An Airbus A350 XWB aircraft is seen ahead of the International Air and Space Fair (FIDAE) at Santiago international airport, March 28, 2016. REUTERS/Ivan Alvarado

Latin American airlines will need some 3,050 new planes worth $350 billion over the next two decades, according to Boeing forecasts. Sixty percent of Latin America’s existing commercial fleet will be replaced in the next 20 years, with the overall fleet size tripling during that time, the company added.

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