Aeromar Bids Farewell After 35 Years Flying

After almost four decades flying in Mexico, the US and Cuba, regional airline Aeromar announced the termination of all its air operations, as it struggles to pay its debt and workforce. 

On Feb. 15, Aeromar informed it was permanently closing all its routes following a series of financial problems. While the airline had deployed measures to salvage its finances, including constant efforts to close deals for the long-term function of the company, they were not sufficient.

Buckle up! This is the Week in Aerospace!

Mexico

CIASSA Taught 1,042 Courses in 2022

The International Training Center for Airports and Auxiliary Services (CIASSA) increased its academic offer in 2022 to improve air transport and civil aviation requirements for the sector’s professionals. CIASSA aims to offer more specialized courses in 2023, as the sector demands more technical requirements out of its workers.

AEM Signs Agreement with ESA to Train Mexican Talent

The Mexican Space Agency (AEM) signed an agreement with the European Space Agency (ESA) in a “historical” alliance that aims to support Mexican talent, as both agencies highlight their commitment to develop new projects. 

SICT to Support Stranded Aeromar Passengers

The Ministry of Infrastructure, Communications and Transport (SICT) will provide an action plan to support all passengers affected by Aeromar’s closure. PROFECO is also working to support the passengers affected, while other industry actors are demanding the payment of their debts. 

Aeromar Describes Financial Challenges that Led to its Downfall

The airline explained through a press release that it sought to continue flying but was not capable of solving its financial challenges. Aeromar argued that since it began operations 35 years ago, its top priorities have been to take care of its clients’ needs and make sound financial decisions to keep the company operational.

ASA Renovates Four Civil Aerodrome Certificates

The Airports and Auxiliary Services Network (ASA) renovated its Civil Aerodrome Certificate to ensure its airports comply with international standards regarding security and operations for its airports in Campeche, Ciudad Obregon, Nuevo Laredo and Colima.

Volaris Reports 4Q22, Full-Year Financial Results

Mexican ultra-low-cost airline Volaris has released its financial results for 2022, reporting an increase of 29% in operating income compared with 2021 for a total of MX$2.847 billion (US$158 million). Despite registering two consecutive quarters with net profit, Volaris reported a net loss of US$30 million in 2022 as its expenses also grew during the year.

International

Airbus Reports Increase in Orders, Revenues in 2022

Airbus reported a significant increase in gross commercial aircraft orders in 2022, as the aviation industry is gradually recovering from the pandemic. In its full-year 2022 financial results, the planemaker announced a consolidated order intake valued at €82.5 billion (US$88.38 billion), up from €62 billion (US$66.34 billion) the previous year. Airbus reported a consolidated order book valued at €449 billion (US$480.43 billion), compared to €398 billion (US$425.66) in 2021.

Denmark to Build Vertiports, Infrastructure for Air Taxis

HCA Airport and Copenhagen Helicopter have allied to build infrastructure for electric vertical take-off and landing aircraft (eVTOL). The partnership aims to develop at least one vertiport in Odense, the third largest city in Denmark, for transporting passengers between the country’s main cities.