Colombia: A Lesson in Booms and Busts for Latin America’s Newest Oil Power

Apr 28, 2015 | Andrea Jaramillo and Andrew Willis, Bloomberg
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In a remote corner of Bogota’s sprawling airport complex, just a few miles before the city gives way to wind-swept savanna, a gleaming-white hangar stands testament to the crippling effect that the plunge in oil has had on Colombia’s economy. It’s not the hangar itself, so much as what’s inside it: idled charter planes. Lots of them. So many, in fact, that they spill out onto the surrounding roads, pointed this way and that in a seeming state of disarray.