Latin America's in-service fleet will amount to 3,196 aircraft by 2028, according to Aviation Week's Fleet & MRO Forecast. The overall fleet growth is predicted to stand at a rate of 3.2% over the 10-year period.
MRO Growth Rate
The MRO growth rate of Latin America is estimated at 3% annually from this year to 2028, according to Aviation Week.
MRO Spend in Latin America
The region is expected to generate $42.1 billion over a 10-year period.
Engine Maintenance Will Generate the Most Work
Engine MRO will dominate the Latin American aftermarket over the next decade. Aviation Week estimates the engine segment will account for 42% over that period. This will be followed by components (25%) and line maintenance (20%).
A320neo Fleet Will Drive Growth
The Airbus A320neo, ordered by the likes of Chilean low-cost carrier Sky Airline (pictured), will account for the top fleet growth of any aircraft type. Aviation Week data estimates 534 A320neo aircraft will enter the Latin America region from now to 2028.