Thursday, April 26, 2018

Fidae 2018: Hundreds of Companies, but Few Deals

The Fidae air show drew more than 400 exhibitors for its 20th edition this month, solidifying its role as the largest aviation trade show in Latin America. This year's aircraft display included the F-22 Raptor, F-35, A-400 and C-17 transports, KC-10 tanker and Airbus A350 jetliner. But while Fidae is Latin America's go-to event for defense and aerospace companies, there was little news announced. Only a few minor deals made headlines. One item was a program to extend the operational life of the Chilean Navy Pilatus PC-7 training planes. That's hardly a smashing headline, and the military press had to settle for crumbs. To be sure, major defense contractors save some of their biggest announcements for the top air shows in Paris, Dubai and Farnborough. The latter takes place in July. Military spending in Latin America is modest compared with other regions. But there's a burgeoning market for commercial aviation. Airbus Commercial Aircraft estimates a requirement for 2,700 planes over the next 20 years in Latin America.