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With the aim of promoting connectivity in Latin America and the Caribbean, ACI-LAC proposes the liberalization of air transport in the region.
In an effort to strengthen air connectivity, enhance competitiveness and promote the economic development of the region, the International Airports Council for Latin America and the Caribbean (ACI-LAC) has published a study on the state of air transport liberalization in Latin America and the Caribe. This analysis, carried out by the consulting firm NACO – Netherlands Airport Consultants, examines the main challenges and seeks to promote a regional strategy that promotes air connectivity, the economic development and competitiveness of the region's airports.
Liberalization of air transport: solution to improve air connectivity
Air transport is an essential pillar for the global and regional economy, connecting communities, promoting tourism and facilitating commercial exchange. Nevertheless, Airports and airlines in the region face multiple barriers that limit their ability to attract new routes and develop new air services.. In the most open markets, liberalization has improved access to low-cost travel, reducing fares and increasing air traffic, promoting tourism. Nevertheless, connectivity in the region continues to lag, with fewer direct flights and less presence of airlines low cost.
The report highlights that, The liberalization of air services would not only have a very positive impact on economic growth through job creation and increased tourism, but would also strengthen secondary and regional airports, promoting point-to-point routes and attracting new airlines.
Main findings of the study
Among other highlights, The study revealed the following:
- Global success models: The study examines cases such as the European Single Market and the open skies agreement between Australia and New Zealand, highlighting how the removal of air traffic restrictions can stimulate competitiveness, reduce travel costs and increase the route offering.
- Opportunities for LAC: In the region, Existing bilateral agreements present significant restrictions, such as conditional traffic rights and complex regulatory processes. These challenges especially affect secondary and regional airports., that have untapped potential.
- Economic impact: Greater air connectivity could increase tourist flows, facilitate trade and attract foreign investment.
The study highlights that each increase in connectivity generates direct and indirect economic benefits in local communities.
Strategic recommendations
The report proposes a comprehensive agenda to advance liberalization, based on:
- Regional collaboration: Strengthen alliances between airports, airlines and governments to eliminate regulatory barriers and promote multilateral agreements.
- Regulatory reform: Simplify authorization processes, harmonize policies and guarantee transparency in slot allocation.
- Promoting connectivity: Focus efforts on developing routes to secondary and regional airports, driving local growth and access to new markets.
ACI-LAC calls on the region's authorities to prioritize the liberalization of air transport as a key development tool.
We will see in time if this new initiative to promote the still, limited air connectivity in the region, manages to take shape and take a turn 360 to the reality of our countries.
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