AERONAUTICAL
Colombia is a strategic destination for non-extractive FDI that contributes to economic growth, the reduction of inequality, and the construction of total peace. These objectives translate into opportunities for investors in the Aeronautical Industry, who can establish regional maintenance and repair centers by taking advantage of the country's geographical location, competitive labor costs, and services.
Colombia has a well-established tradition of air transport, which responds to an important and growing volume of passengers and cargo in the country. Additionally, it has a dense network of national and international airports that covers its territory. This represents an opportunity to establish regionally oriented aircraft maintenance and repair centers in Colombia, taking advantage of the country's geographic location, labor costs, and competitive services.
DUE TO ITS TOPOGRAPHY, COLOMBIA HAS A WELL-ESTABLISHED AIR TRANSPORT TRADITION
- The varied and complex Colombian topography has encouraged the development of air transport country wide.
- This transport mode accounts for an important and growing volume of the country’s passengers and freight.
- To support this, a dense network of domestic and international airports covers Colombia’s vast territory.
- Additionally, the security needs of this vast country are met by Latin America’s most operationally active Air Force.
TO SUPPORT THE SECTOR, THE INDUSTRY HAS A NUMBER OF INTERNATIONALLY RECOGNIZED COMPANIES
- Colombia already has a growing aircraft parts industry that serves as a basis for future development.
- The industry also has an important number of companies in the aircraft maintenance and repair business.
- The sector already carries out intermediate and major repairs for civil and military aircraft.
- CIAC and Avianca lead the aircraft maintenance and repair industry in Colombia.
BEYOND SERVING A GROWING LOCAL DEMAND, THE SECTOR SEEKS TO DEVELOP AN EXPORT INDUSTRY
- Growth in aircraft demand will continue to drive the expansion of the market for maintenance and repair.
- Aircraft aftermarket services are largely dependent on the rising number of aircraft fleets operating in Colombia.
- Due to growing demand, the number of seats and international flights have risen in recent years.
- The sector is already developing export markets.
IN COLOMBIA THERE ARE IMPORTANT ADVANTAGES SUPPORTING THIS INDUSTRY
- Colombia can leverage its existing activities to become Latin America’s maintenance and repair hub.
- The metalworking and auto parts industries can evolve into an aircraft parts manufacturing industry.
- Several regional clusters and ANDI´s Aerospace Committee support the industry.
- Colombia offers institutional advantages, competitive labor and incentives to the industry.
- The country´s free trade agreements grant competitive advantages to the industry.
THE COUNTRY OFFERS ATTRACTIVE OPPORTUNITIES TO BOTH PARTS AND AIRPLANE MANUFACTURERS AND SERVICE PROVIDERS
- The growing aircraft demand in the region creates opportunities for MRO investments.
- Investment in an aircraft parts manufacturing operation will address the expected shortfall in regional supply.
- Military projects offer opportunities for investors.
- Investment in high technology industries promoted by Colombia’s Offset policy.
- Top aircraft producing companies have shown interest in investing in Colombia.
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