In countries where airlines work closely with airport authorities and governments, the sector’s development has been remarkable, as is the case of Panama.

Air connectivity in Latin America and the Caribbean is expensive: there are 130 different taxes on airfare, costs which are charged to companies, individual travelers, the aviation industry and tourism in general. Therefore, in countries where airlines work closely with airport authorities and governments, the sector’s development has been remarkable, said Tony Tyler, CEO of the International Air Transport Association (IATA) to Martesfinanciero.com.

“… The air transport union advocates that high taxes are reduced when there is intelligent regulation, and promoting efficient infrastructure and having plans to mitigate the impact on the environment. The agency notes that poor infrastructure at airports is another obstacle. They warn that by 2034 the number of passengers to, from, and within Latin America and the Caribbean will double to 525 million. ”

“… ‘Increased collaboration between partners in the value chain and governments in these areas can unlock all of the untapped potential and boost economic growth. This is particularly important given the difficult economic situation in some of the major economies in the region,” Tyler said.”

Source: martesfinanciero.com