The International Air Transport Association (IATA) is hosting its 82nd Annual General Meeting (AGM) and World Air Transport Summit (WATS) in Rio de Janeiro, Brazil, from June 4 to 6, marking the first return to South America in 27 years. The event is expected to attract around 1,500 leaders from the global aviation industry, including government officials and media representatives. Willie Walsh, IATA's Director General, emphasized the region's significant investments in aviation infrastructure, which have positioned Brazil to enhance its economic and social benefits from air connectivity. Brazil's aviation sector contributes 2.1% to the national GDP, employing nearly 247,000 people and generating USD 10.3 billion in economic output. The country is projected to welcome nine million international visitors by 2025. Additionally, the aviation market in Brazil experienced an 11.5% growth in total passenger demand in 2025, surpassing pre-pandemic levels for both domestic and international travel. LATAM Airlines Group, the host airline, expressed pride in contributing to Brazil's aviation progress and the broader economic development of South America.