Summary A-29 Super Tucano designed for light attack and counter-insurgency, not advanced fighter roles. Super Tucano widely exported, cost-effective at $10M per unit, with 500K flight hours. Features precision munitions, low cost $1,500 per flight hour, and can operate day or night.
Brazil is one of the few countries in Latin America that possesses significant aviation capabilities thanks in large part to the massive aircraft manufacturer Embraer . While Brazil has never produced a true fighter jet, they have built the successful and versatile Embraer EMB 314 Super Tucano (also called the A-29). While it may look like a basic military aircraft, the Super Tucano offers several unique features and was developed out of the earlier Embraer EMB 312 Tucano.
Designed for light attack and counter-insurgency Most Latin American nations have little need for a large, powerful, and modern air force. This is due to a range of factors - perhaps the most significant factor is that the US Air Force to the north is so overwhelmingly powerful, there just doesn't seem to be a point. Almost no countries in Latin or South America possess meaningful numbers of advanced fighter jets.
The Chileans have 36 F-16s, Argentina has no multirole fighter jets ( until second-hand F-16s arrive ), Brazil basically has no advanced fighter jets (although Swedish Gripens are now arriving), Venezula's F-16s and Su-30s are in questionable operational states, Peru has a limited number of aging fighters, and Colombia.