IATA: Infrastructure, Smarter Regulation Key to Success for Latin American Aviation

The International Air Transport Association (IATA) urged governments in Latin America to maximize the many benefits aviation generates by addressing critical infrastructure deficiencies and applying Smarter Regulation principles. “With passenger growth in Latin America expected to double by 2034, the air transport industry’s contribution to regional GDP could jump from $140 billion to $322 billion. The industry is on a path to achieving that growth sustainably. People want and need to make connections across the continent and globally. And business relies on efficient air links to distant markets. Unfortunately governments in the region are hindering sustainable growth with chronic infrastructure