It is permitted under the free pricing code of the Civil Aviation Authority, ANAC.

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In August, domestic airline traffic rose nearly 7 percent, according to the National Civil Aviation Agency, ANAC.

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Marcelo Guaranys, director of ANAC, said that this new model encourages competition and enables the reduction of passenger tariffs.

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Still according to ANAC, the number of private aircraft in the country has already surpassed the commercial aviation fleet, which accounts for 619 airliners.

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The reselling of pre-owned jets is big business right now, with depreciation values reaching as much as 30% on year of use, particularly in Brazil, where the private aviation market surged by 76% between 2008 and 2010 (according to the National Civil Aviation Agency (ANAC), the Brazilian civil aviation authority), totalling 652 private jets and helicopters legally registered within the agency.

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