There was a festive mood surrounding the Latin American and Caribbean Air Transport Assn. (ALTA) Airline Leaders Forum in Rib de Janeiro late last year. Surely, holding the annual high-profile gathering of Latin American airline executives along Rio's picturesque beaches contributed to the good spirits. But the region's airlines are optimistic for a more fundamental reason."The phenomenon we now see in Latin America already happened in the US in the 1950s, in Europe in the 1960s and in Japan in the 1970s—a migration from buses to planes," said TAM president Libando Barroso.
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