Latin America’s business jet fleet has seen modest growth over the past 12 months, but it has still not achieved any substantial increase over the past decade. As of December 31 last year there were a total of 907 jet-powered business aircraft registered in 15 Latin American countries monitored by aviation consulting group Airclaims–up by slightly less than 5 percent from the 2003 total of 868.
At the end of 1994 there were actually more business jets– 954–registered in these countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela. There have not been this many business jets on the registry since; for most of the next 10 years the annual tally was mostly in the 800s–a figure dwarfed by the fleets of North America and Europe, which account for the lion’s share of approximately 12,500 business jets worldwide. However, the fleet has shown steady growth since 1999.
