The Latin American/Caribbean region's airline sector has had a pretty good recession. Unlike the North American situation, this region saw growth in 2009. Although Mexico was the source of the recent flu epidemic, the region saw good growth rates and things are looking up from there explains ALTA's Executive Director Alex de Gunten. ALTA is the acronym for the Latin American Airlines Association.

Like more mature regions, ALTA's members are also consolidating - 60% of the region's capacity is now in the hands of five airline groups. The region's airline and entire aviation system has a bio-fuel powerhouse in Brazil where crop dusters have been running on bio-fuels for some time. In terms of concerns, ALTA is focusing on fuel costs and safety. Another concern is the way that airport privatization is being handled. Overall though the region appears to have a bright aviation future.