2023 to Bring New Possibilities, Challenges
Home > Aerospace > Article

2023 to Bring New Possibilities, Challenges

Photo by:   Yaroslav Muzychenko, Unsplash
Share it!
Sofía Hanna By Sofía Hanna | Journalist and Industry Analyst - Thu, 01/05/2023 - 11:21

This week, the Mexican Space Agency (AEM) teamed up with Thrusters Unlimited to jumpstart the development of specialized talent in the Mexican industry. Meanwhile, air traffic has kept a steady recovery but experts insist on diversifying profitable activities instead of just adding passenger capacity. Viva Aerobus, for example, expects to have over 1 million members in its Doters loyalty program. 

Finally, the Ministry of Finance and Public Credit (SCHP) reported that almost one out of every three dollars budgeted for Mexico's aviation sector head to the Mexico City International Airport (AICM).

 

Interested in more? Buckle Up! This is the Week in Aerospace!

 

Thrusters Unlimited Looks to Boost Aerospace Industry in 2023

Thrusters Unlimited and the AEM have joined forces to train specialized talent and build a competitive aerospace data and products industry. To support this initiative, both parties will seek to strengthen Mexico's infrastructure capacities in 2023, which is necessary to make the production of national satellite data and products more cost-effective. The alliance also aims to allow Mexico's federal government to move away from its dependence on foreign agencies for satellite images. Altogether, the agencies look to highlight "the national potential of Mexican talent to academia, business and government, to continue promoting trust and investment in our country and the use of space technology to solve problems here on earth," reads the document.

Higher Passenger Capacity for 2023, Is It Enough?

Air traffic recovery was strong during 2022, with some important airline consolidations in large markets, such as India, the US and Latin America. Even though passenger recovery sets new high standards for 2023, experts insist on finding ways to diversify profitability in the aviation sector. To do so, managing uncertainty and playing by the rules of "the new normal" is a must. Research reaffirms that airlines improved their profitability in the years following the Global Financial Crisis. However, on average, airlines were not able to benefit financially to the same degree as their suppliers and infrastructure partners. Airlines are the most sensitive to shocks but have limited profits with which to build a financial buffer. As aviation emerges from the pandemic, there is an opportunity to expand the value created for all participants in the value chain. This requires performance improvement within each sector and also requires greater collaboration and fresh ways of working across partners in the value chain. 

Viva Aerobus to Boost Loyalty Program Enrollment

Low-cost Mexican airline Viva Aerobus announced that it expects to have more than 1 million members in its Doters loyalty program by the end of 2022. The program, which was launched in September, allows Viva Aerobus customers to earn points on their travels with the airline, which can be redeemed for flights, additional services and other products and services from the program's network of partners, including bus tickets from affiliated companies such as IAMSA, ETN Turistar, Autovías La Línea and Costa Line.

Almost One Third of Aviation Budget Earmarked for AICM Repairs

AICM's investment expenses budget has been set at US$35 million. This budget is unrelated to the US$30 million earmarked for the new foundations of Terminal 2, said Victor Manuel Mojica Vilchis, Head Budgetary Policy and Control Unit, SCHP. According to the Work Program 2022 of the Ministry of Infrastructure, Communication and Transportation (SICT), 27 percent of the total US$129.8 million for the aviation budget is destined for the maintenance and rehabilitation of AICM. In other words, almost one out of every three dollars budgeted for Mexico's aviation sector will be destined for AICM. Besides this, the airport will add US$6.4 million to its own resources.

Photo by:   Yaroslav Muzychenko, Unsplash

You May Like

Most popular

Newsletter