LABACE Opens with Renewed Optimism
The business aviation segment has slowed somewhat and there are challenges, but the industry remains optimistic.
From piston twins to turboprops to light jets, helicopters, and beyond, business aviation is undeniably an asset to the Latin American economy. At LABACE, visitors get to sample all levels of participation in private air travel. (Photo: David McIntosh)
From piston twins to turboprops to light jets, helicopters, and beyond, business aviation is undeniably an asset to the Latin American economy. At LABACE, visitors get to sample all levels of participation in private air travel. (Photo: David McIntosh)

LABACE 2019 will open on Tuesday in an economy where “the worst passed two years ago,” according to Flávio Pires, CEO of host Brazilian Association for Business Aviation (ABAG). He illustrated the effect of the crisis on the general aviation fleet with a chart showing the enthusiastic growth that prevailed through 2014 slowing to less than one percent from 2016 onward, with a drop of 0.15 percent in the country’s fleet in the first half of 2019. However, he noted, “There are signs of improvement for the second half.”


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