No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveAirport Privatization in Region Called a Failure

Airport Privatization in Region Called a Failure

MEXICO CITY – The director of the International Air Transportation Association (IATA) said Nov. 9 that the privatization of airports in Latin America has been a “failure,” generating big profits for the terminal operators without spurring needed investment in infrastructure.

“In many places (in Latin America), the fact of running an airport … constitutes a license to print money,” said Giovanni Bisignani, adding that the way operators’ concessions were set up has forced carriers “to pay at least $2.5 billion to the airports and service providers.”

“Governments throughout Latin America must understand that those infrastructure monopolies are not milk cows, because to obtain the biggest economic benefit from aviation we need transparent policies that result in efficient infrastructure,” Bisignani said.

Air travel generates $122 billion a year in Latin America, according to figures compiled by IATA.

On another subject, Bisagnani said the region’s air carriers must do more to improve operational safety, pointing out that Latin America’s rate of accidents is higher than the global average.

 

Popular Articles

Nicaragua Condemns U.S. Migrant Policy Under Trump as Crimes Against Humanity

Nicaraguan President Daniel Ortega on Wednesday accused U.S. President Donald Trump of committing "horrendous crimes" against migrants by deporting them, separating families, and having...

Costa Rica Orders Halt to Illegal Building in Protected Forest

The Osa Environmental Prosecutor’s Office has received a court order to stop a residential construction project in the Paso la Danta Biological Corridor in...

Trump congratulates Pope León XIV, a “great honor” for the US

President Donald Trump congratulated León XIV, the first pope from the United States, in a message on his Truth Social network on Thursday. “Congratulations...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles