Evolution of the airport and air transport industry in Colombia and its impact on the economy

Abstract

This article aims to describe the development and evolution of the airports and air transport industry in Colombia. During the past fifteen years Colombia has witnessed a remarkably rapid and dynamic growth in air transport. This period coincides with the establishment and continuous implementation of public policy specifically designed for the air transport sector and airports. Design/methodology: The evolution of air transport in Colombia is evaluated descriptively through the analysis of air transport and socio-economic historical data. The impact of public and investment policies is analyzed through a causeeffect approach. Findings: This paper describes how the air transport/airport industry in Colombia has been directly and positively affected by the implementation of public policies and other legislation, while measuring the effect and impact of this industry on the Colombian economy. Originality/value: This work fills a notorious deficiency in specialized literature concerning air transport in Colombia and Latin America in all its aspects and dimensions.