Brazil Leads BRICS on Aircraft Production, Light Bizjets
Brazil is not only the largest business jet user of the BRICS countries, it also has a mature fleet structure with hundreds of light jets forming the base.
According to research by aircraft broker ArcosJet, Brazil is not only the largest business jet user of the BRICS countries (Brazil, Russia, India, China and South Africa), it also has a mature fleet structure with hundreds of light jets forming the base and fewer large aircraft toward the top. It is also the only BRICS member to have a major domestic business jet manufacturer–Embraer.
Despite the economic downturn that affected all BRICS countries and hit Brazil and Russia most severely–Oxford Economics predicts just 2.6 percent and 2.4 percent GDP growth in 2016 to 2020, respectively–ArcosJet experts believe that these emerging markets still hold much promise even in the near term.
