Brazil’s Booming Charter Market Showcased
Posted by: Prince Jets Jun 18, 2014 01:06 PM
The recent air show held at Sao Paulo’s Congonhas Airport showcased Brazil’s burgeoning general aviation market. General aviation refers to flights that are not military or scheduled airline passenger or cargo flights. In other words everything else. That includes small planes, private jets, corporate travel as well as police and aerial firefighting flights.
There were more than 70 planes on display for the 9th Latin American Business Aviation Conference and Exhibition or LABACE. It just happens to be the largest general aviation airshow in the world after the Oshkosh air show in the U.S.
The economy in Brazil has been on a tear and despite recent downgrades in forecast GDP growth the growth of private aviation in the country grew 6.4% in the 2010 – 2011 year. Its anticipated to grow about 5 percent this past year. While Brazil is not immune to the strains introduced by the global finacial crisis, it seems to be weathering it well.
The air show had about 100 manufacturers from all over the world including: Gulfstream and Hawker / Beechcraft from the U.S., Europe’s Airbus, Bombardier from Canada, and of course the home field company, Embraer.
While the commercial aviation sector flies to over 130 destinations in Brazil, private flights serve over 3,500 destinations and approximately 75% of this country that has more land mass than the United States.
Embraer continues its rapid growth as the worlds third largest aircraft manufactuer. Despite only delivering its first business jet in 2002, it has sold 540 to date. It seeks continued sales growth both at home and abroad in the U.S., European and Chinese business jet markets.