SALES BEGIN TO RECOVER

The world’s largest business aviation fair confirmed the growth that was shown in the world market since the last year. During the NBAA, over a million people could follow up, in real time, the digital coverage that our team made in the United States, showing industry novelties, technological trends and sales forecasts. The market study of Honeywell Aerospace points out growth in this year in relation to 2017 and expects still higher figures for 2019, which shall close with 630 to 640 aircrafts delivered as pointed out by Bill Kircos, Vice President for Global Marketing at Honeywell Aerospace. “We expect a growth of 8% to 10% in the deliveries in 2019, as the industry makes a transition to new models in a more healthy market of used aircrafts”.

This analysis was also present in practically all the press conferences and conversations we had at the fair. The sensitive reduction of used aircraft inventory is analyzed as one of the factors that will generate the positive sales recovery of new aircrafts. The presence of Amazon CEO Jeff Bezos, circulating through the fair was an indication of the industry’s good moment.

In economic terms, the delivery of large-cabin aircrafts accounted for most of the invoiced sales in 2018 and may continue like this over the next 10 years. In a projection of 7,700 global deliveries until 2028, turning over US$ 251 billion, there will be 62% large-sized aircrafts, 10% midsized and 28% small-sized aircrafts.

LATIN AMERICA

Latin America shall account for 12% of the aircraft demand, but the expectation was of an increase with the establishment of a pro-market and fiscally responsible government in Brazil, which has just being confirmed in the ballot box.

As it always happens when the NBAA occurs in Orlando, the number of Brazilians in the fair was large and we could listen to several talks in Portuguese though the corridors. From our meetings with the leading aircraft manufacturers, we can summarize the spirit of Brazilian buyers is like this: “Well… let’s wait for the election, but tell me what you have that is good for me?

The US dollar was already falling the following week to the fair but it fell even more when we wrote this article (one day after the presidential election). The day we closed this edition, the confirmation came: Firm orders for business aircrafts began to be closed