LATAM Fixed-Base Operator Market Forecast to 2028 – COVID-19 Impact and Analysis – by Services Offered (Hangaring, Fueling, Flight Training, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)

The LATAM Fixed-base operator market was valued at US$ 1,067.72 million in 2021 and is projected to reach US$ 1,385.21 million by 2028; it is estimated to register a CAGR of 3.8% from 2021 to 2028.

The increase in business aviation and leisure aviation is supporting the fixed-base operator market growth across LATAM to offer a mix of services to the travelers and enhance their traveling experience. FBOs play an important role in handling the growing business aviation across Latin America. Business aviation consists of a turbofan-powered aircraft specifically designed to transport small groups of people or families. The procurement of such aircraft by individuals (VIPs and athletes), governments, corporates, and charter service providers is rising. Business aviation is specifically used for intercity travel by businessmen to save time. However, intracity air travel has become congested, increasing the travel time across a city. Therefore, FBOs for business aviation are expected to grow further during the forecast period.

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 The emergence of the COVID-19 pandemic, the rise in fuel prices, and the decline in the number of business flights and leisure flights in 2020 and so far in 2021 showcased a significant negative impact on the LATAM fixed-base operator market growth in the region. The constant decrease in the aviation market in LATAM due to this pandemic has made several FBOs cut their operational costs and lay off employees. To sustain the pandemic, the FBO service providers have taken various initiatives, including business expansion in different geographies and partnerships with other FBOs. These initiatives have facilitated several FBO market players to continue their business.

 Fixed-Base Operator Market Segmentation:

The LATAM fixed-base operator market size is divided into services offered, application, and geography. Based on services offered, the LATAM fixed-base operator market is sub segmented into hangaring, fueling, flight instruction, aircraft maintenance, and aircraft rental. The fueling segment accounted for the largest LATAM fixed-base operator market share. Based on application, the LATAM fixed-base operator market is segmented into business aviation and leisure aviation. The business aviation sector dominated the LATAM fixed-base operator market. Geographically, the LATAM fixed-base operator market is segmented into Brazil, Argentina, Mexico, and the Rest of LATAM. ICCS; World-Way Aviation; Signature Flight Support; Líder Aviação; South American Jets, LLC; Universal Weather and Aviation, Inc.; Loreto Aviation Services; Jetex; LOBOS HANDLING; and TALMA are among the key players that are profiled during the study of LATAM fixed-base operator market.

The overall LATAM fixed-base operator market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the South America LATAM fixed-base operator market about all the segments. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the LATAM fixed-base operator market.

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