October 24, 2014
Written by Fabrice Roger, former Jetcraft Sales Director, Latin America
A few months ago, the business aviation industry gathered in Sao Paulo, Brazil for the 11th annual Latin American Business Aviation Conference and Exhibition (LABACE) show. The fact that over 15,000 attendees (a new record) gathered at LABACE in itself speaks to the acceptance of private jet ownership across Latin America. This is especially true in Brazil which is the economic powerhouse of the region and the biggest market in terms of business aviation in Latin America. It has the world’s second largest private fleet and represents over 5 percent of the global market for business aviation.
But other nations in the region are also showing solid growth rates. For example, business aircraft ownership increased by 10 percent in Columbia from 2012-2013. Mexico has also posted impressive gains over the same time period. Some analysts even predict that over the next five years demand for business aircraft in L...