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Focus on Latin America: Good reason for optimism
27 March 2009
After years restricted by erratic economies and politics, aviation finance in Latin America has been steadily improving in recent years. The region looks set to weather the downturn comparatively well.
Read more:
Latin America
GOL
LAN
TAM
TACA
Avianca
Copa
Brazil
Chile
Airfinance in Latin America, like the region generally, has seen its fair share of ups and downs in the past. With many local economies more cyclical than the aviation industry itself, careering between hyper-growth and hyper-inflation, investors have been wary of the region.
But over the last five years it has largely sloughed off this negative image and its strong airlines are increasingly attracting investment. The trend look set to continue in 2009.
“It’s a unique region,” says John Burtz, head of aviation – Americas at HSH Nordbank. “There are a small number of carriers with very large footprints and tremendous operations.” Not all the regional carriers are attractive, to either investors or manufacturers. But LAN, TAM and GOL as well as COPA and TACA have impressed over recent years and now attract a good deal of attention. “They’ve moved up both philosophically and structurally into absolutely top tier carriers,”...
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