Thu, May 31, 2012
Report Assesses Market Development And Long-Term Growth
Having suggested earlier in the year that "U.S. Carriers should look to the South for growth", OAG's latest Aviation Market Report released Tuesday takes a closer look at the opportunities presented by the aviation market in Brazil. This new report explores how tapping into new oil & gas reserves is fuelling aviation as well as GDP growth in South America's largest market.
The discovery of large reserves of oil & gas and high oil prices has driven economic and GDP growth in Brazil. This growth is witnessing the rise of a wealthier middle-class, with higher social expectations and an increased appetite for air travel. As a result, air travel in Brazil is expected to double over the next decade making it an attractive destination for foreign airline operators and investors.
The aviation market in Brazil has already seen capacity growth of 39% over the last five years, the majority of which has been taken on by the expanding Low Cost Carrier operators. Today the commercial aviation market split (between international and domestic traffic) is heavily weighted towards the domestic at almost 89%, which should be unsurprising given the context that as the fifth largest country in the world, and only slightly smaller in size than the US, Brazil covers nearly half of the South American continent.
"The exceptional growth of the Low Cost Carrier sector across Latin America and the Caribbean continues to capture everybody's attention," said Ron Weiland, VP Americas OAG. "As we saw in the early days of the US market, the growing affluence of the middle-classes creates a huge demand for air travel. The aviation market in Brazil represents a viable and sustainable investment opportunity for the long-term to those who venture south."
More News
Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]
Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]
Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]