As the aviation industry grapples with the imperative to reduce its carbon footprint, several significant developments are unfolding: the Latin American and Caribbean Air Transport Association (ALTA) is actively promoting decarbonization in Latin America's aviation sector, while the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) system is gaining traction. Furthermore, Aerus has emerged as a noteworthy player in the Mexican airline market.
The ALTA Aviation Law Americas 2023 conference underscored the intricate challenge of decarbonizing the aviation sector, stressing the importance of collaboration between the public and private sectors. Brazil and Ecuador received commendation for their effective sustainability efforts, with LATAM Airlines taking a prominent leadership role in this endeavor.
The CORSIA system, designed to offset aviation emissions, is presently undergoing a voluntary initial phase but is set to become mandatory in 2027. Under this scheme, airlines from over 100 participating countries will be obliged to offset emissions increases beyond 85% of 2019 levels by purchasing carbon credits. This initiative aims to establish a unified global approach to address aviation emissions, with support from major airlines and the International Air Transport Association (IATA).
Concurrently, the Mexican airline market has experienced a transformative shift with the introduction of Aerus, which began operations in 2022. Initially focusing on domestic flights in underserved routes, Aerus aspires to expand its coverage to encompass 100% of Mexican territory within seven years. What sets Aerus apart is its unwavering commitment to sustainability, exemplified by its order of a fleet consisting of 30 fully electric planes designed for regional flights.
Despite the challenges, there exists a shared vision of attaining a sustainable aviation industry in Latin America and the Caribbean. This vision encompasses the need for flexible regulatory frameworks, market-driven initiatives and the pursuit of affordable and accessible aviation options.