The aviation sector in Panama generates 14.6% of the GDP and puts the country on rank number one in Latin America for aviation contribution to the GDP. The sector yields around 7,3 billion USD, and keeps generating jobs and opportunities for companies that want to venture into aviation.
The air sector in Latin America is growing in terms of passenger volumes: airlines transported close to 28 million passengers in 2018. The countries with the largest volumes being Mexico, Brazil, Colombia, Argentina, Peru and Panama. It is estimated that the airport sector in the region must invest 55 billion USD by 2040, due to air traffic projections and the lack of capacity in its main airports. These investments will focus on airport infrastructure, such as expansion, remodeling and modernization of existing facilities and construction of new airports. Along with infrastructure investments, ground handlers, MRO &FBO providers, airlines and air traffic controllers are under huge pressure to upgrade and adjust their services with the newest technologies in order to cope with the growing demands, and challenges that come with the growth.
At the 7th Latin America Airport & Aviation Expansion Summit, government officials, investors, civil aviation authorities, airlines, airports, airport management groups and ground handling companies, MRO & FBO companies will enter into discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market.
Liége Emmerz, Partner and Head of Market South America will hold a speech on Day 1 of this event.