Peru has been one of the more dynamic aviation markets in Latin America during the past few years, particularly during the region"™s recent bout of economic weakness. During that time, the country charted solid economic growth and sustained stable air passenger numbers.
Amid a low cost boom across Latin America in 2017, Viva Air Peru made its debut in the country and built up a 2% market share from May-2017 to Nov-2017. The airline believes much opportunity for passenger stimulation remains in Peru, and airlines operating in the country"™s domestic market increased nearly 8% in the 11M ending Nov-2017. Peru is also charting solid domestic growth as Lima"™s prominence as a regional hub continues to grow.
But Peru"™s aviation industry has major challenges in reaching its full potential, including the fact that Lima Jorge Chavez International Airport is operating well beyond its designed capacity…
