The expansion of the private aviation market is driven by several factors such as increasing demand for long-range jets, the advent of new customers, growing globalization and the need for efficient and time-saving travel options for passengers, corporate executives and aircraft owners. Innovations in aircraft design, fuel savings and new in-flight experiences have led to the introduction of state-of-the-art jets that cater to the most discerning passengers who prioritize comfort, safety and productivity in their travels.
Regarding the aircraft fleet, it should be noted that business jets over 30 years old represent a percentage in the order of 25% of the business jets in South America. This value requires the renewal of these aircraft in the short term. In addition to the large volume of deliveries scheduled for the period (2024-2028). Parallel to this upgrade comes a renewal of infrastructure and support, such as new facilities, FBO/MRO, runway and airport renovation, expecting a large number of private investments. Also, the acquisition of helicopters for business aviation and VIP transport.
Brazil currently has the largest share of the business jet market in Latin America. The country has the largest fleet of “bizzjets” being a regional pole of business aviation. Currently, facilities at major airports are being strengthened to accommodate a greater number of business jets and general aviation aircraft. With great potential for general aviation infrastructure development, the market is poised to grow during the forecast period. The growth in the number of charter operators along with their business plans and fleet expansion, in sync, is expected to be accompanied by state policies from different administrations, at the Latin American level. In this sense, the actions of the main players in the industry are key, carrying out actions to adapt to the requests of governments, environmental organizations and their own users.
Gulfstream CEO Sean Neal said:
“Gulfstream’s fleet in Latin America has grown by more than 35% in the last 10 years, making it a very important market for us. With this consolidation, we are experiencing strong interest in our aircraft. In closing, Sean Neal states that the company’s current focus is on certification programs for the G700, G800 and G400 and continuing to support Gulfstream’s growing fleet around the world. “Innovation is at the core of our business, and we have research and development teams dedicated to advancing technology for future innovations and growth in commercial aviation.”
In accordance with these precepts, Aerowise, through its CEO Perla Fagúndez, will be present at “Corporate Jet Investor and Helicopter Investor Latin America 2024, in São Paulo, Brazil, on March 5 and 6. Where he will speak about: Due south opportunities in Uruguay, Argentina and Chile. How to grow these markets What are customers looking for?.
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