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Latin America Investment News on Viva Tropical

Tocumen Airport Can’t Keep Up With Growing Demand Even with New Terminal

Article Summary:

The future ability of Panama’s Tocumen Airport to adequately meet the demands of its air traffic and subsequent users is questionable. Currently, the airport is operating at its max capacity and is scheduled for the opening of a new south terminal in 2012, but experts say this is not enough to keep pace with growing demand in the travel sector.

Photo Credit: Capital

Original Article Text From Capital via Google Translate :

Infrastructure will be the limiting factor for aviation

Aas expected growth of aviation in Panama are very good, and contributions to the economy of the companies linked to this sector as well. Only in 2025 is expected to transit a total of 14 million passengers through the Tocumen International Airport, this would be an increase of 180% if one takes into account the end of 2010 it was 5.1 million, but the infrastructure may be a limitation.

The conference last week at the Hub of the Americas: Economic development and positioning of Panama’s Copa Airlines organized world, it ranged from several points of view the growth and challenges of the industry.

The issue of infrastructure growth to keep pace with demand growth is something that worries the International Air Transport Association (IATA, for its acronym in English).

Ofelia Barcenas, manager of aviation solutions of this body, said IATA is working not only with Panama, but also with various countries of the region and the world to see how the entire operation is streamlined passenger from migration, security and more, but recognizes that the infrastructure at some point is going to be a limiting factor for growth in the sector.

Barcena accepts that there are plans for expansion but warned that they will not be performed overnight, because they take years to run. IATA is currently working on projects to expedite the procedures for passenger traffic. An example was the creation of the kiosks to release the counter because there was not enough physical space. They also use technology such as electronic ticketing also enables the use of boarding passes through the Smartphone and are seeking only to help streamline processes.

Claudio Dutary, operations manager of Tocumen, SA said that in 2010 nearly 81,000 were treated at the airport operations and expects that by 2011 the closure is close to the 86,000 operations.

The projection of the company to the airport is that the number of passenger traffic is 8.2 million in 2015, while by 2020 this figure could reach 10.8 million and for 2025 to 14,300,000 .

The international airport is known as performing an expansion of its capacity and stepped forward to build a South terminal by 2012, which was scheduled for 2025. This project exceeds $ 400 million.

The airport currently has assets exceeding $ 500 million, provides airport services to 74 airlines with more than 8,000 transactions per month, serving over 5 million passengers a year.

The airport’s growth has also been accompanied by strong investment by the Panamanian airline Copa, which for 2011 features 59 destinations, 73 aircraft and 6468 employees. The company is projecting that in 2013 these figures will change as follows 90 aircraft, 70 destinations and 7619 employees.

According to Carlos Alvarado Cup business strategy that country has shown a positive impact and multiplier in the sector and the rest of her country’s economy.

Alvarado said that some of the key to sustainability is that the infrastructure must accompany and be consistent with the growth of the industry and that somehow the rest on the ability of the future want. Another equally important point is that transaction costs are kept, but as the associated costs should be kept in harmony with the operation.

Economic Indicators
Philip Chapman, a partner at Indesa, for their part showed the impact of industry and enterprise in the country. According to Chapman air transport activities represent 22% and 15% of nominal and real added value, respectively the transport sector.

He highlighted the key role in developing COPA the Panamanian economy, both direct and indirect contributions generated by its operations noting that for every dollar generated by the operations of COPA has a multiplier effect of 1.92 in the economy. (See box: Effect of Glass in the economy).

According to the study by COPA Indesa contributed about 4% of GDP in 2009 and the indirect influence for an additional increase of 2.3% of GDP between 2002 and 2007. He also noted that the expansion plan will have a significant impact on the economy in 2010-2015.

Link to Original Article:

From Capital

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