Latin America Takes Significant Stake in Bizjet Market

Latin America and the Caribbean now account for about an eighth of the global business jet fleet, with Brazil having the second-largest fleet in the world, followed by Mexico, according to an analysis that Airbus Corporate Jets released, citing JetNet data.

Of the 24,442 business jets globally, Airbus Corporate Jets said 2,975, or 12%, are registered in Latin America and the Caribbean. The U.S. remains the fleet leader with 15,492 business jets, followed by 1,103 business jets in Brazil and 1,030 in Mexico.

The Latin American/Caribbean region similarly accounts for 7% of the world’s large business jets, ranking third after the U.S. and Europe, which account for 60% and 13%, respectively. Some 657 large, long-range private jets are registered in the Latin American and Caribbean region versus 10,001 globally.

Approximately 5.7% of the region’s total business jet fleet (169) is for sale, with light jets representing the largest sector on the market at 68. Midsize jets follow with 51 for sale, and then large jets at 45. In addition, five very light jets are on the market in Latin America and the Caribbean.

Airbus Corporate Jets stressed that the volume and age of the fleet underscores a big potential for fleet renewals in the region.

“Latin America continues to be a powerful player in global business aviation,” said Airbus Corporate Jets president Chadi Saade, adding this presents an opportunity for its ACJ models. “Our ACJ TwoTwenty is purpose-built for buyers seeking both economic and operational excellence in the large jet category.”

Airbus Corporate Jets has been positioning the TwoTwenty as the “Xtra Large Bizjet” with twice the cabin size of similarly priced aircraft and a 5,650-nm range. More than 200 Airbus ACJs are in service worldwide.