The air transport sector makes a major contribution to the Chilean economy. It supports more than 190,000 jobs and generates billions of U.S. dollars worth of value added contribution to GDP each year. However, there remains significant potential for this contribution to increase.
Scheduled air transport demand has been growing at exponential rates and this trend will continue as air travel becomes more accessible to regional populations due to income level increases and fare price reductions. Moreover, the business opportunities and solutions related to airfreight and logistics, within Chile and the region, as well as globally, are myriad and relatively untapped.
The Chilean Government has highlighted the importance of air transport and called for the modernisation of the sector. Before such modernisation can occur, a number of challenges must be overcome within the air transport sector.
These include, but are not limited to:
- Expediting low-cost airline growth.
- The implications of air transport growth on infrastructure and passenger terminal expansion (regional and international).
- Expanding the nation’s international airports to increase regional, non-hub connections.
- Refining the concessions model to enable sustainable sector development.
- Supporting the development of new air transport business strategies.
- Understanding the need to dynamically incorporate technological developments in line with sector growth and stakeholder needs.
International Investor has identified the following stakeholder groups as key to the successful growth of air transport in Chile:
- Government ministries and agencies
- Air transport authorities
- Representatives of airport concessionaires
- Airline representatives
- Foreign, regional and domestic technology providers
This Strategic Review session aims to complement the work already initiated by the Chilean Government by bringing together the key public and private stakeholders from the air transport sector to foster the development of cross-sectoral action points and common ground to achieve strategic and sustainable growth moving forward.
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For more information on the staging of this Strategic Review session, including to request a notification when the subsequent Strategic Review Report is available, contact us today:
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