Latin America aviation infrastructure needs more investment
Passenger traffic in Latin America is expected to grow between 5%-10% per year over the next 10 years, but this growth could be hampered by lack of govt investment in infrastructure, air traffic control systems and airports, industry leaders said. “Aviation is crucial to this region and to connect Latin America to the world economy,” Copa Airlines CE Pedro Heilbron said. In Panama alone, aviation contributes 12.7% to the country’s GDP. Overcoming these challenges has not been made easier by govts, Heilbron said. “Govts are not investing in airports, navigation or infrastructure throughout Latin America,” he said. Second, taxes and fees—which in Brazil, for example, are among the highest in the world are not reinvested back into the industry, but are funnelled into govts’ general funds, Heilbron added. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-22/general/latin-america-aviation-infrastructure-needs-more-investment
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Latin America aviation infrastructure needs more investment
Passenger traffic in Latin America is expected to grow between 5%-10% per year over the next 10 years, but this growth could be hampered by lack of govt investment in infrastructure, air traffic control systems and airports, industry leaders said. “Aviation is crucial to this region and to connect Latin America to the world economy,” Copa Airlines CE Pedro Heilbron said. In Panama alone, aviation contributes 12.7% to the country’s GDP. Overcoming these challenges has not been made easier by govts, Heilbron said. “Govts are not investing in airports, navigation or infrastructure throughout Latin America,” he said. Second, taxes and fees—which in Brazil, for example, are among the highest in the world are not reinvested back into the industry, but are funnelled into govts’ general funds, Heilbron added. <br/>
