LABACE
FRIDAY
PUBLICATIONS
AUG. 16, 2013
Convention News AINONLINE.COM
Edição bilíngue
Latin America leads as aircraft financing flows again by David Donald As the global economy in general, and business aviation in particular, begins to stabilize, so the squeeze on aircraft financing is beginning to relax, albeit with an element of conservatism. That was the message from speakers at the 5th Business Aviation in Latin America summit held here at LABACE yesterday. A range of financial issues was covered during the summit, as well as other key issues such as managing flight clearance risk in developing nations and pilot shortages in Latin America.
Since the financial collapse in 2008, business aviation in the U.S. and Europe slumped, but the developing world helped take up some of the slack. Latin America, led by Brazil and Mexico, has led the way, although, as Don Walsh, director of Guggenheim Partners Business Aviation Investments, noted, it is the lighter aircraft that continue to dominate the market. That is opposite to other regions, where it is the large-cabin types that have shown the most growth. Cautious growth in business aviation
has mirrored growing confidence in the general economy. In 2008 it was virtually impossible to get financing for aircraft acquisition other than through captive finance companies, but that is not the case now. According to Juan Escalante, v-p Latin America for AirFinance, it was local banks that led the way as they were cash-rich and able to deal in local currencies. International banks have now cautiously re-entered the market, although they are less will ing to undertake smaller loans.
In his view, private-equity leasing companies have become popular, especially supporting the helicopter market, where operators are looking for near-term deliveries to cover immediate requirements. Finally, export credit agencies also provide attractive financing in their aim of promoting national employment but, according to Escalante, they can sometimes take a long time to finalize contracts. “Latin America is still a great place for business,” asserted Escalante, but he noted Continued on page 2 u
Na edição de hoje da LABACE Convention News o time da AIN dá a cobertura completa do segundo dia da mostra deste ano. Temos reportagens especiais sobre algumas questões-chave enfrentadas pela comunidade da aviação executiva brasileira hoje, como preocupações com o processo regulatório (pág. 5), os riscos das operações de fretamento ilegais (pág. 7) e como os recentes protestos politicos no país envolveram a indústria (pág 8). Também na edição de hoje você encontrará artigos sobre a crescente demanda por helicópteros (pág. 12) e como os padrões internacionais para operações de aeronaves executivas podem ajudar os operadores a cumprir as novas exigências de sistemas de gerenciamento de segurança (pág. 16). Estamos especialmente contentes em poder trazer muitas destas histórias aos nossos leitores em português. Além de ler as edições diárias disponíveis aqui em São Paulo, por favor continuem checando as mais recentes notícias da LABACE online em www.ainonline.com.
DAVID McINTOSH
Conte com a AIN para as Melhores Notícias da LABACE
Exhibitors packed the static display at LABACE as if staging a protest to keep business aviation access here at Congonhas Airport.
Business
Operations
Charter
Helicopters
Taxes, Bureaucracy Block Imports
Access Remains an Issue
Illegality Still a Problem
Demand Hovers Higher
The need to clear Brazil’s fiscal and paperwork obstacles to importing aircraft has provided an opportunity for specialist “trading” companies. Page 4
Getting access to airports in Latin America cannot be taken for granted and business aircraft operators can also face headaches getting landing permits. Page 5
Brazilian air taxi companies continue to be concerned about how illegal charter operations threaten their livelihood and the credibility of the industry. Page 7
Demand for rotorcraft continues to boom, driven mainly by industrial growth and the desire to beat traffic gridlock in cities like São Paulo. Page 12
Airports Careful Handling Required Traffic growth means that Latin America should be a land of opportunity for FBO operators, but is it in practice? Page 18