LABACE 2023: latin American Biz Jet Market Update

LABACE 2023: A Record-Breaking Year for Latin American Business Aviation

The 18th edition of LABACE, the Latin American Business Aviation Conference and Exhibition, took place from August 8 to 10, 2023, at São Paulo Congonhas Airport in Brazil. The event was attended by over 168,000 visitors, 2,000 exhibitors, and 740 aircraft. This was a record number of attendees and exhibitors for LABACE, and it is a testament to the continued growth of the business aviation industry in Latin America.

One of the highlights of the show was the Brazilian premiere of the Cessna SkyCourier, a new twin-turboprop utility aircraft that is expected to be popular with businesses and operators in Latin America. The SkyCourier is capable of carrying up to 10 passengers or 1,890 pounds of cargo, and it has a range of up to 1,400 nautical miles. The aircraft was displayed by Textron Aviation, and it was met with a lot of interest from potential customers.

Another major announcement at LABACE was the expansion of Embraer's presence in the Latin American business aviation market. Embraer announced that it had delivered 100 aircraft in the first half of 2023, and that it expects to deliver a total of 150 aircraft in the region this year. Embraer also announced that it is opening a new service center in São Paulo to support its growing customer base in Latin America.

In addition to new aircraft and services, LABACE also featured a number of discussions and panels on topics of interest to the business aviation community. These topics included the future of business aviation in Latin America, the impact of tax reform on the industry, and the latest trends in safety and security.

Overall, LABACE 2023 was a successful event that highlighted the continued growth of the business aviation industry in Latin America. The show attracted a record number of visitors and exhibitors, and it featured a number of new aircraft and services that are expected to be popular with businesses and operators in the region.

Here are some additional news from LABACE 2023:

• Brazil's aviation tax reform remains ambiguous to the business aviation community. The Brazilian government has been considering a number of tax reforms that could have a significant impact on the business aviation industry. However, the details of these reforms are still unclear, and this is causing uncertainty among businesses and operators.

• Brazil's vast network of airports with the Voa SP consortium receive an infusion of infrastructure and operations upgrades. The Voa SP consortium, which is responsible for managing a network of airports in the São Paulo metropolitan area, announced a number of infrastructure and operations upgrades at its airports. These upgrades are expected to improve the efficiency and safety of the airports, and they are also expected to attract more business aviation traffic.

• TAM AE Brings Its Entire Portfolio of Services and Products to LABACE. TAM AE, Brazil's largest business aviation operator, brought its entire portfolio of services and products to LABACE. TAM AE offers a wide range of services, including aircraft charter, management, and maintenance. The company also has a number of in-house training programs for pilots and crew.

• Improvements Coming to Two Brazil GA Airports. Two general aviation airports in Brazil are set to receive improvements in the coming months. Campo de Marte airport in São Paulo will be receiving a new runway, while Jacarepaguá airport in Rio de Janeiro will be receiving a new terminal building. These improvements are expected to make these airports more attractive to business aviation operators.

The Future of Business Aviation in Latin America

The business aviation industry in Latin America is expected to continue to grow in the coming years. This growth is being driven by a number of factors, including:

• The increasing wealth of individuals and businesses in Latin America

• The growth of the tourism industry

• The need for reliable and efficient transportation in remote areas

• The expansion of regional trade agreements

The growth of the business aviation industry in Latin America is creating opportunities for a number of companies, including aircraft manufacturers, operators, and service providers. These companies are investing in new aircraft, expanding their service offerings, and entering new markets.

The future of business aviation in Latin America is bright. The industry is expected to continue to grow in the coming years, and it is poised to play a significant role in the economic development of the region.

Make sure you check-out my interview with David Miller, CEO Citation Jet Pilots Association on Biz Jet TV.

Regards,

Fabrizio Poli