Mexico Private-Jet Sales Outstrip Brazil’s on Economic Rebound

Mexico is cementing its lead as the world’s second-biggest market for private jets, snapping them up at a faster clip than bigger Latin American rival Brazil as it benefits from stronger economic growth.

While Mexico has long had a larger standing fleet, it had lagged behind Brazil in annual sales growth. That changed last year, according to planemaker Embraer SA. The direction is likely to continue in 2015 as Mexico’s economy is projected to grow while Brazil’s is forecast to shrink.