The International Air Transport Association (IATA) called for close cooperation and innovation among aviation stakeholders to meet the challenges and opportunities in the Latin America-Caribbean (LatAm) region.
“Aviation in LatAm is a bright spot in the aviation world—the only region generating aggregate profits for three consecutive years.
September figures show the region’s international passenger traffic growing faster the global average. And the four top growth markets for premium traffic over the first nine months of the year are either connected to, or within, the region. But challenges remain that must be addressed with the cooperation of all industry stakeholders and advocates,” said Tony Tyler, Director General and CEO, IATA in an address to the Latin American and Caribbean Air Transport Association (ALTA) Airline Leaders Forum in Rio de Janeiro. Tyler attributed the region’s strong performance to structural change over the last decade. “It is absolutely clear that the hard work of the last decade has transformed the region’s air transport industry for the better. Overall, Latin American aviation has become safer and more profitable. It has also been a cradle of innovation on cross border ownership structures. And the merger of TAM and LAN will create an aviation powerhouse of global scale,” said Tyler. Tyler urged LatAm participation in further innovation to address the global challenges of safety, security, environment and infrastructure: Safety: Safety is a continuing challenge in LatAm. Although there were no LatAm hull losses in 2009; the region’s hull loss rate in 2010 was three times the global average. Over the first ten months of 2011, the hull loss rate has reached four times the global average. To further safety in the region, IATA signed a partnership agreement to create the ALTA-IATA Trend Sharing Program. “This agreement, the first of its kind between IATA and a regional association, reflects our shared commitment on safety. All ALTA members will join the Global Safety Information Centre—adding an important regional dimension and depth to our data collection. Furthermore, we will be in a better position to track, analyze and reduce safety risks in the region,” said Tyler.
Click here to see the original article>September figures show the region’s international passenger traffic growing faster the global average. And the four top growth markets for premium traffic over the first nine months of the year are either connected to, or within, the region. But challenges remain that must be addressed with the cooperation of all industry stakeholders and advocates,” said Tony Tyler, Director General and CEO, IATA in an address to the Latin American and Caribbean Air Transport Association (ALTA) Airline Leaders Forum in Rio de Janeiro. Tyler attributed the region’s strong performance to structural change over the last decade. “It is absolutely clear that the hard work of the last decade has transformed the region’s air transport industry for the better. Overall, Latin American aviation has become safer and more profitable. It has also been a cradle of innovation on cross border ownership structures. And the merger of TAM and LAN will create an aviation powerhouse of global scale,” said Tyler. Tyler urged LatAm participation in further innovation to address the global challenges of safety, security, environment and infrastructure: Safety: Safety is a continuing challenge in LatAm. Although there were no LatAm hull losses in 2009; the region’s hull loss rate in 2010 was three times the global average. Over the first ten months of 2011, the hull loss rate has reached four times the global average. To further safety in the region, IATA signed a partnership agreement to create the ALTA-IATA Trend Sharing Program. “This agreement, the first of its kind between IATA and a regional association, reflects our shared commitment on safety. All ALTA members will join the Global Safety Information Centre—adding an important regional dimension and depth to our data collection. Furthermore, we will be in a better position to track, analyze and reduce safety risks in the region,” said Tyler.