Contributor - South America

Richard Pedicini

Fractional shares of business aircraft are a growing market in Brazil, despite or perhaps because of the difficult economy, because they allow buyers to fly a larger aircraft&nbsp;with a smaller capital investment. One factor hindering the market is the lack of specific regulation, similar to the FAA’s FAR Part 91K. To address this issue, ANAC is asking for public comments on proposed regulation of shared-ownership aircraft operations in Brazil. The agency announced the request on August 8, with a goal of collecting comments by September 6, “for the elaboration of a specific general aviation standard, aiming to establish clear requirements and limits for the administrators of aircraft sharing programs and to stimulate the development of the country’s private air services market.”

 


The proposal provides for a Subpart K in the current Brazilian Aeronautical Approval Regulation (RBHA) 91, with its successor RBAC 91&nbsp;now in development. According to ANAC, the “subpart will provide a set of organizational and operational requirements to be met in order to obtain Administrative Specifications (authorization) by those interested in providing aircraft sharing services. Transactions must be covered by a multi-annual agreement that details the acquisition of quotas, management services, and the exchange of aircraft between the quota holders.” Current arrangements won’t be upset, according to ANAC, and the new Subpart K will be less restrictive than operations under RBACs No. 119 and No. 135, which would also be amended by the proposed regulation.

 


“General aviation operators are currently not barred from conducting shared-ownership programs,” the release states.&nbsp;“However, there is a need for adequate requirements to mitigate information asymmetry between those responsible for operations and quota holders of the sharing program. One of the central points of the proposal is precisely the identification of the shareholders of the shared-ownership program, enabling the identification of those responsible and ensuring greater legal certainty for administrators and greater operational security for users.”

 


The Brazilian Aeronautical Registry (RAB)&nbsp;will list the shared-ownership program administrator, who will have the technical control of the operation, be responsible for contracting insurance, and will be charged for any infractions related to the use of the aircraft.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

Legal Framework for Fractional Shares Coming in Brazil

Proposed new fractional-share rules in Brazil will be equivalent to those under the U.S. FAA's Part 91K.

2024 Corporate Aviation Leadership Summit

Sarah Rose

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Tool supports real-time flight coordination

Levo Introduces AI Platform for Charter Matching

Kaleyesus Bekele

News about commercial airlines, including regulations, aircraft orders, safety, acquisitions, and mergers.

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

East African carrier has taken delivery of a Boeing Business Jet

Ethiopian Airlines Launches VIP Charter Flight Division

Curt Epstein

New Jersey-based company will migrate to Florida

Aircraft Services Group Building New Headquarters

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

LABACE 2019

More In Charter & Fractional

Levo Introduces AI Platform for Charter Matching

Tool supports real-time flight coordination

Ethiopian Airlines Launches VIP Charter Flight Division

East African carrier has taken delivery of a Boeing Business Jet

Aircraft Services Group Building New Headquarters

New Jersey-based company will migrate to Florida

Aerocor Expands Helicopter Division Operations

Company exceeds early goals within nine months

Jet Card Flexibility Improves as Hourly Rates Tick Up

Pricing has climbed, but flexibility is also improving

Air Culinaire Introduces Portal for In-flight Catering

Platform was designed to simplify in-flight catering management

FlyJets Exchange Enables Peer-to-peer Flight Sales

Customers can resell empty seats to reduce costs

Air Charter Service Opens Montreal Office

Opening is second in Canada for company

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN