Will e-flight take off? Building a business case for Latin America and the Caribbean

Home to vast sources of renewable energy that will power a greener future, Latin America and the Caribbean are renowned for their sustainability efforts - and they are in prime position to play a crucial role in the transition towards a more sustainable economy.

Combined with the anticipated growth in regional and domestic passenger traffic in the region, it's clear that there could be huge potential for e-flight to take off in this part of the world.

E-flight, the burgeoning field of electric aviation, promises to revolutionise the aviation industry by offering a more sustainable alternative to traditional fossil fuel-powered aircraft. Not only would this reduce emissions and appeal to sustainability-minded travellers, but also several OEMs have promised that it can reduce operating costs by as much as 30%-50%.

For countries such as Costa Rica or Colombia, where there is strong demand for domestic travel, given that the country's terrain makes ground transportation a challenge, e-flight has huge potential to deliver.

But just how feasible is it?

Mick Werson, Chief Economist & Financial Advisory Lead at NACO explores the areas which must be examined in order to build a business case for e-flight - and how this can be done.