According to a recent survey carried out by Mordor intelligence, one of the world's leading consultancies in research and market intelligence, the executive aviation segment in Latin America is expected to grow 103% over the next five years.
The sector is expected to generate US$640 million in 2024, with expectations of reaching US$1,31 billion by 2029.
According to data from the Brazilian General Aviation Association (Abag), published in May 2024, Brazil has a fleet of 906 executive jets and 9.692 aircraft in operation in business aviation.
Brazil leads South America in the number of executive jet owners and is consolidating itself as the second largest global air market, behind only the United States.
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