Why Brazil Represents the Greatest Market Opportunity in Latin America

South AmericaUpdates

Dec 17. Brazil has the fifth largest airspace in the world. Still, the domestic aviation industry has yet to fully explode to its full potential, according to a study commissioned by IBS Software and supported by the Latin American and Caribbean Air Transport Association (ALTA). “I am enthusiastic about the future of aviation in Brazil. There are challenges, but there are many more opportunities,” said José Ricardo Botelho, Executive Director & CEO of ALTA.

Prior to the COVID-19 pandemic, Brazil recorded 0.5 air trips per person per year on average. That number was a meager figure compared to those reported in other countries. For example, in the United States, each person travels, on average, 2.6 times, in Spain 4.5 times, and in Chile 1.2 times.

Paulo Henrique Possas, director of the country’s Secretariat of Civil Aviation, said if we compare Brazil to similar markets such as the United States, Australia, and China, there is still great potential for growth in the country. This opportunity to grow can be seen in a simple fact, the commercial fleet size in the country.

Brazil has three leading airlines, Azul, GOL Linhas Aéreas, and LATAM Brasil. These three carriers have a total of 432 aircraft. In the United States, American Airlines alone has 858 planes, while in China, Air China operates 509 aircraft.

Source: Simple Flying

Tags: ,

You May Also Like

Advertencia sobre el seguro de viaje tras un accidente de moto en Tailandia
Por qué Brasil representa la mayor oportunidad de mercado en América Latina


Must Read