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Venezuela is a country in northern South America. The country is located in the tropics and is known for its biodiversity, with rainforest covering much of the country. Venezuela is a country of some 27 million people, with the vast majority of the population concentrated into major urban regions near to the Caribbean coast. The country's economy is dominated by crude oil and petroleum; Venezuela's oil and natural gas reserves are among the world's largest and Venezuela ranks among of the world's largest producers of crude oil and petroleum.
Venezuela's major airlines are Conviasa and Santa Barbara Airlines, with a variety of smaller airlines operating regional services. Much of Venezuela's aviation activity is located at Caracas' Simón Bolívar International Airport. Simón Bolívar International handles on almost 10 million passenger p/a and is directly served by airlines from South America, North America and Europe.
Airports in Venezuela
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Although financially weaker than their competitors to the south, US carriers continue to dominate Latin America’s international market. As a result, US airlines are well positioned to exploit the anticipated growth in the region. Complacency, however, is not an option. US carriers should seriously consider making strategic investments in Latin America’s leading airline groups to ensure their place in this important emerging market.
Latin America is a natural playground for US carriers given the geographic proximity and economic ties between the two regions. US carriers have traditionally accounted for a large majority of capacity between the US and Latin America. This has always been a sore topic for Latin American airlines, who over the years have repeatedly complained about an uneven playing field and how difficult it is to compete against their larger and aggressive competitors to the north.
The latest trendy acronym after BRIC and N11 is CIVETS; a gaggle of widely dispersed countries (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) that are all dynamic and diverse emerging economies with inflation under control and sophisticated financial systems with an absence of "sovereign debt bombs".
A discussion about Brazilian – or even South American aviation – is incomplete without Gol, with its low-fare strategy, and TAM, with a legacy strategy complete with regional airline feeder in Pantanal and membership in Star Alliance. TAM’s measured and targeted growth contrasts, however, with Gol’s dramatic rise. Ironically, Gol was built on the remains of Varig, whose demise paved the way for the successful entrance of TAM.
Since the demise of Varig, the once-famous airline always closely associated with the magic of Brazil, the country's airline industry has thrived, as economic growth and stable government created favourable conditions. The second of a three part CAPA report on the country's airlines.
The Latin American and Caribbean Air Transport Association (which comprises of 38 member airlines operating more than 800 aircraft in Argentina, Bolivia, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, Venezuela and Uruguay) reported a 6.9% increase in domestic passenger numbers in Aug-2009 to 7.1 million passengers, with a domestic load factor of 65.9% (-0.1 ppts).