IATA Calls for Transparency in Latin America

The International Air Transport Association (IATA) called for greater transparency in the Latin American airline industry to form a sounder basis for key policy decisions.

“We must be open and honest about the economic and social benefits that we bring; and about the policy issues that we face. Facts and figures demonstrate policy failures of the past –including failed airport privatizations,” said Giovanni Bisignani, CEO and director general of IATA.

IATA partnered with the Latin American Civil Aviation Commission (CLAC) to release a series of new economic studies during the annual general meeting of the Latin American Air Transport Association (ALTA) focused on Bolivia, Chile, Colombia, Mexico and Panama. In Latin America, airlines support 2.7 million jobs and US$157 billion in related business.

“By explaining ourselves better we can help governments avoid policy myopia so that together we can build an even stronger base for future growth,” said Bisignani.

He also urged attendees to work hard in such important areas as safety, infrastructure, liberalization and environment.