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During the THERE IT IS Wings of Change 2025 on Bogota, It was highlighted that aviation is growing in the region, but with many challenges and regulatory threats to this trend.
aviation in Latin America and the Caribe has consolidated its position as a fundamental pillar for the socioeconomic development of the region.
Contributing billions of dollars to the economy of our countries and millions of jobs, Aviation is key due to the complexity of moving our countries by land and the lack of alternative means, so it is important to free up aviation and make it accessible to the masses..
Aviation grows, but…
Currently, This sector is responsible for the transportation of more than 170 millions of people across 39 countries, which represents a notable increase in 7,4% in the number of passengers. Its economic impact is undeniable, contributing to 8.3 millions of jobs and 240 billion dollars to the Gross Domestic Product (Commence) regional.
Despite its remarkable potential, The airline industry in the region faces a series of structural challenges that limit its long-term growth and competitiveness.. One of the most significant obstacles is high taxes, which can be constituted until the 40% of the total cost of an air ticket.
This tax burden not only makes access to air transport more expensive for citizens, but also reduces the competitiveness of the region in the global arena.
in addition, Regulatory fragmentation between countries generates operational inefficiencies and hinders connectivity, adding to the complexities imposed by the various consumer protection measures.
Political and economic instability, along with the dynamics of the global trade war, adds a layer of uncertainty that complicates long-term strategic planning for airlines and investors, although it can also open new opportunities.
Opportunities and examples of regional success
The aviation sector is a key catalyst for tourism, an industry that contributed 714 billion dollars to the GDP of Latin America and generated 28 million jobs. This intrinsic link underlines the importance of strengthening air connectivity to maximize the region's tourism potential..
There are promising examples of governments implementing measures to boost the sector. Reforms in Guatemala and Guyana's commitment to strategic aviation are indicative of an emerging political will. On Argentina, market liberalization and increased competition have resulted in a significant increase in passenger demand, demonstrating the benefits of policies that foster a more competitive environment.
Infrastructure and the commitment to decarbonization
Current airport infrastructure is a critical point. Many regional airports operate above their capacity, which negatively impacts the passenger experience and restricts the growth potential of the sector. A medium and long-term vision is imperative that contemplates not only the expansion of the main airports, but also the development of secondary airports and the optimization of airspace efficiency.
In line with global objectives, The regional airline industry has reaffirmed its commitment to achieving net zero carbon emissions by 2050. Nevertheless, To achieve this ambitious goal, Greater government support is essential in the production and availability of Sustainable Aviation Fuel (PURE).
The ultimate goal is ambitious: that everyone in the region flies at least once a year. When achieving this, Aviation will not only continue to be an economic engine, but will also consolidate itself as a force for good, generating employment, opportunities and uniting communities in Latin America and the Caribbean.
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