Unlocking Potential: Developing Business Aviation in Latin America

Aviation in Latin America is experiencing significant change, with the Federal Aviation Administration (FAA) projecting robust 4.5% growth per year over the next decade. For business aviation, Ultra High Net Worth Individuals are also a rising force, with Jetcraft’s latest Market Forecast finding 14.3% of its buyers aged under 45 are from the region, a reflection of increasing wealth.

Meeting the needs of executives, entrepreneurs and communities which are significantly underserved by commercial airlines, business aviation fills a void in Central and South America that no other form of transport can.

Infrastructure gaps

Of Brazil’s 5,500 municipalities, only about 130 are covered by commercial aviation routes (ALTA). This snapshot of an acute necessity for connectivity is replicated across the continent.

With commercial flight options limited, and travel times by boat or train often rolling into days, business aviation’s flexibility and efficiency is fueling its demand across the region. Time-pressured executives conducting operations beyond borders also prefer the privacy and convenience offered by a business aviation terminal, where long queues and scheduled flight times don’t exist.

We’re also seeing clients who first experienced flying privately during the pandemic transition from charter into full ownership as they recognize that having their own aircraft is now essential to further their business growth. For them, going back to the airlines is not a viable option.

A vast continent

Due to the size of Latin America and the large distances involved in both regional and international travel, we see high demand particularly for large jets, with aircraft such Gulfstream’s G550 or Embraer’s Legacy 600 offering the range and speed necessary to fly longer distances and navigate the continent efficiently.

Super midsize and midsize jets like the Cessna Citation or Bombardier Learjet series also remain popular, providing the capability to facilitate cross-border travel while still ensuring optimal comfort and performance.

The preference for these aircraft types isn’t a coincidence; it highlights the unique requirements of the Latin American economy where agriculture and mining dominate, driving a pressing need for international connectivity.

Confidence in the future

Despite economic and political fluctuations, Central and South America show promise and potential for sustained growth in business aviation. Recent elections in Brazil and Argentina have supported economic growth and opened new business opportunities.

This is where the right support and local expertise proves invaluable. Jetcraft stands out in the Latin American aviation landscape for its unparalleled global presence and client-centric approach. We provide total market visibility, sourcing opportunities that others can’t reach thanks to our boots on the ground across the Americas, Europe, Asia-Pacific and beyond.

To find out how Jetcraft can support you, connect with our team today.