“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Latin American Aviation Show Makes a Comeback
When organizers cancelled last year's Latin American Business Aviation Conference & Exhibition (LABACE) in São Paulo, Brazil, questions arose about the show's future. But the success of LABACE 2007, which ended a three-day run August 11, appeared to put those questions to rest. A record 6,041 attendees passed through the gate, according to Rui Thomaz de Aquino, president, Associaçao Brasileira de Aviaçao Geral, which now has responsibility for the show. LABACE also set records for numbers of exhibitors (71) and aircraft on display (35). And, Aquino noted, preliminary estimates are that aircraft manufacturer orders taken at the show exceeded $200 million, well over the forecast of about $150 million. To highlight the event, Brazilian manufacturer Embraer flew in its Phenom 100 for the VLJ's public debut.