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Bolen’s LABACE Remarks Will Showcase Business Aviation’s Value Globally
August 13, 2012
NBAA President and CEO Ed Bolen will be a featured speaker during the opening general session of the Latin American Business Aviation Conference & Exhibition (LABACE2012), which will run from Aug. 15 to 17 in Sao Paulo, Brazil. As with his previous appearances at the event’s opening session, Bolen is expected to highlight the value of business aviation to citizens, companies and communities in all parts of the world, and discuss how the industry’s benefits can be fully realized in the Latin American region.
LABACE, the largest business aviation event in Latin America, is expected to attract more than 15,000 attendees and exhibitors this year. NBAA will exhibit at the show at Booth 1043, and attendees are encouraged to visit.
Bolen’s LABACE appearance comes as some analysts are forecasting continued growth for the industry in the Latin American region. In 2011, the business jet fleet in the region increased by 10 percent to about 2,100 aircraft, according to JetNet.
“Latin America has been one of the unsung heroes over the past four difficult years, providing some level of steady demand while other economies faltered,” aviation consultant Brian Foley said. “Going forward, we expect the region to play a continued role in aiding the recovery and providing a ready market for business aviation goods and services. The geographical distances involved to connect to other business centers on other continents will continue to drive demand.”
Most of the region’s growth has been in the small and large business jet segments. “The under-10,000-pound models... increased their numbers by 20 percent,” Foley said. “And the over-35,000-pound jets…almost matched this with 17 percent growth.”
While Foley expects Brazil’s business jet market to moderate somewhat going forward, he predicts the market in Mexico will remain strong following elections in that country.
“Traditionally Mexico, Brazil, Argentina and Venezuela have been the strongest contributors to sales [in the region], and this is expected to continue,” he said. “Taxes and lack of infrastructure are generally growth inhibitors, but this has been baked into that market for years. As such, we’re not expecting a noticeable change in demand.”