MRO Demand Latin America, 2020-24

Over the next five years, MRO demand in the Latin American region will grow at 4.9% CAGR. Growth in this region will be led by modifications, accounting for 3.8% CAGR. Engine maintenance demand is expected to generate the majority of the MRO demand in Latin America through 2024 with 43%.

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Source: Aviation Week 2020 Commercial Fleet & MRO Forecast