secret was having a international footprint

Brazil may be within the midst of an economic hurricane, but sitting lower back in a leather seat on Embraer’s latest luxury jet, Gustavo Teixeira says the aviation enterprise is dodging the turbulence.

The disaster “is on our radar however hasn’t harm us,” the Embraer government stated in an interview aboard a glistening Legacy 500 jet displayed on the inaugural International Brazil Air Show, held at Rio de Janeiro’s Tom Jobim Airport.

Brazil, Latin America’s biggest economic system, may be high-quality recognized proper now for a deep recession, political instability and a gigantic corruption scandal ripping thru the political leadership.

But the primary ever Rio air display, sponsored via Airbus, Saab, Lufthansa, the IATA journey enterprise association and other global players, hopes to show that aviation possibilities in Brazil and across Latin America are sky high.

“This is the proper time. During a crisis, you need to deliver human beings together,” Paula Faria, director of the air show, instructed AFP.

According to the Brazilian Aviation Institute, years of recession have taken a measureable toll.

The united states’s fleet of commercial planes fell from 727 to 686 in 2016, while the general inventory of planes rose just 0.1 percent to 21,895.

However, the aviation institute’s president, Francisco Lyra, stated the enterprise is “resilient” and that Brazil is a certain wager when it comes to air travel investment.

“In a continent-sized usa the simplest sensible, efficient manner of visiting is by means of aircraft,” he stated in a speech.

Think globally

Embraer is the third largest aircraft producer after Boeing and Airbus, an surprisingly outstanding Brazilian high-tech achievement story with a robust line in executive jets.

Speaking aboard the Legacy 500, which seats up to 12 passengers and has a $21.5 million rate tag, Teixeira stated the secret was having a international footprint.

Embraer exports approximately ninety percent of its production and the largest marketplace is North America, so while “there’s a local component, it doesn’t have a massive effect,” said Teixeira, income director for Latin America.

“When Brazil’s credit score score went down, Embraer’s credit score remained at investment level. People apprehend the quality of our product, the great of our provider and they remember that we’re a worldwide player.”

Rafael Alonso, Airbus president for Latin America and Caribbean, informed AFP that whilst airways have been seeking to put off new Airbus deliveries due to falling passenger numbers, Latin America’s developing middle elegance method lots of potential for the European large.

“Brazil has just had its biggest crisis in records but we’re seeing symptoms of restoration and the signs are starting to appearance a chunk greater constructive,” he stated.

“Brazil is a rustic with presently much less than 0.5 (air) trips in keeping with inhabitant and we are expecting that through 2035, this will greater than double.”

Teixeira stated small, nimble government jets will also hold to take off. Even in the event that they seem like the last luxurious, in big nations like Brazil commercial enterprise leaders can also find them a necessity.

“Brazil has 5,500 municipalities and of these, about a hundred thirty are served by means of commercial aviation,” he stated. “But if I’m not from these one hundred thirty, how am I going to get round?”