Region Sees Shift Towards Fractional Ownership And Higher Standards
Business aviation in Latin America is entering a more mature phase, with clients increasingly viewing private jet travel as a tool to enhance their businesses and personal lives. According to Gabriel Meza Madrid, CEO of Jet Luxe, Mexico and Brazil are the top markets in the region, with clients seeking more control over their travel through fractional ownership or full ownership. Industry data supports this trend, with Brazil now home to over 1,100 business jets, second only to the United States. As reported by AeroTime, the region’s private jet market is expected to continue growing, driven by increasing demand for large-cabin jets and higher standards.