What Happened
South American Air Cargo Market Sees Significant Expansion Plans
The International Air Transport Association (IATA) is expanding its cargo payment management offerings in Latin America, driven by the region’s continued growth in air freight. Airlines in Latin America have seen an average annual growth of 3.3% in cargo tonne kilometers over the past decade, with Mexico being one of the largest air cargo markets. IATA has introduced its Cargo Accounts Settlement Systems (CASS) for domestic operations in Mexico and plans to launch CASS Export in Paraguay and CASS Domestic in Brazil. The expansion was reported by Aviation Week.