LABACE Opens to Blue Skies
For the first time in three years the weather is good in São Paulo, but this there are far worse times for Brazil economically.
ABAG opened the LABACE show yesterday morning with a traditional ribbon-cutting, attended by organization officials, industry leaders, political representatives and members of the Brazilian military on hand. While the region has shown itself to be a beacon of hope for the rest of the world during the global financial crisis, now Latin America’s is taking its turn facing economic uncertainty. But that didn’t curb the enthusiasm for LABACE.
ABAG opened the LABACE show yesterday morning with a traditional ribbon-cutting, attended by organization officials, industry leaders, political representatives and members of the Brazilian military on hand. While the region has shown itself to be a beacon of hope for the rest of the world during the global financial crisis, now Latin America’s is taking its turn facing economic uncertainty. But that didn’t curb the enthusiasm for LABACE.

The 12th annual LABACE show opened on Tuesday with fewer aircraft on display than prior years–no more than 48 compared to 68 two years ago–but with undiminished faith in the future and encouragement for a Brazilian business aviation community that is feeling the economic pinch. In an opening session address, Eduardo Marson noted that when he assumed ABAG’s chairmanship four years ago, Brazilian general aviation was growing at an annual rate of 5-to-6 percent, above a world average of 3 percent, and “last year we were down to the world average.” He added that 2015 would turn out to be “a challenging year, to say the least.”


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