Business

Airbus plans to sell 1,000 planes in LAC over the next decade and a half

The European air company aims to fill half of the total demand in the region

  • Airbus posted $72 billion in net profits last year, 7% of which came from Latin America and the Caribbean
  • Sixty percent of the fleet in service in LAC comes from the company

Airbus SE, the second biggest aerospace and defense company worldwide, plans to grow heavily its operations in Latin America and the Caribbean. The Netherlands-based airline intends to sell more than 1K commercial planes in the region over the next 15 years, a move that would cover about half of the total demand in those places, as explained by an executive of the company to Reuters.

In the next 15 years, the Latin American aviation market will require more than 2,000 new aircraft. We’d sell more than 1,000 planes”, said Airbus Latin America VP Alberto Robles to Reuters.

The company, which also sells helicopters, military transportation, and satellites to Latin American and Caribbean countries, disclosed that last year they reached $72 billion in net profit, 7% of which came from the region.

Currently, about 60% of the fleet in service in LAC are from Airbus, comprised of more than 700 aircraft.