Panama is hailed as 'a model of air transport excellence'

IATA has opened a new area office in Panama City, Panama.

The office will be the focal point for IATA’s interactions with key aviation stakeholders in seven Central American countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

It will be supported by the full resources of IATA’s Americas Regional Office in Miami, USA.

Panama City has developed into one of the most important aviation hubs in Latin America

The economic footprint of aviation in Panama is $5.1 billion per year ­– or 12.6% of the country’s GDP if the indirect benefits from tourism are included. This is more than three times the global average for aviation.

IATA forecasts passenger growth in Panama to increase 8.5% annually between 2015 and 2020, one of the highest growth rates in the Americas

By establishing an area office in Panama City, we will provide even easier access to IATA’s expertise

An inauguration ceremony included the mayor of Panama City, Jose Isabel Blandon; Copa Airlines CEO, Pedro Heilbron; international dignitaries and representatives from across the air transport and travel industry.

Peter Cerda, IATA’s Regional Vice President for the Americas, said: “Panama is a model of air transport excellence built on strong partnerships.

“As a result, Panama City has developed into one of the most important aviation hubs in Latin America.

“The connectivity that it generates supports the country’s strong GDP growth and spreads economic and social benefits across Central America.”

David Hernandez, IATA’s Area Manager for Central America, added: "By establishing an area office in Panama City, we will provide even easier access to IATA’s expertise and unique global perspective across Central America."

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