Aeroméxico Plans Secondary Offering Post-Chapter 11 Recovery

This week in aerospace news: Aeroméxico sought approval for a secondary public offering of up to 150 million shares, while Volaris faced performance challenges due to engine inspections from January to November. On a brighter note, air cargo demand between Mexico and Asia surged by 163% in October. Additionally, NASA celebrated the first graduates of UPAEP’s Scientific Journalism Diploma, developed in collaboration with the Mexican Space Agency.

Globally, Boeing resumed production of the 737 MAX to address its 4,200-order backlog, while SpaceX aimed to increase its valuation to US$350 billion with a new share offering. Meanwhile, Airbus announced a 6% workforce reduction in its Defense and Space division, and NASA's Artemis program faced delays as China advanced its lunar exploration efforts.

This is the week in aerospace!

GAP, ASUR, Volaris, Aeromexico Report Mixed Trends in 2024

Jan–Nov 2024 data shows mixed air travel trends, with Volaris engine checks and Aeromexico market shifts impacting results

Aeromexico Seeks BMV Approval for Secondary Public Offering

Aeromexico has requested a secondary public offering of up to 150 million special shares on the Mexican Stock Exchange (BMV)

NASA Celebrates UPAEP Scientific Journalism Pioneers in Mexico

NASA celebrated the first graduates of UPAEP’s Scientific Journalism Diploma, a collaboration with AEM and UPAEP in Mexico

Global Air Cargo Demand Rises 9.8% in October, Says IATA

Global air cargo demand grew 9.8% YoY in October 2024, with Mexico-Asia air cargo traffic surging 163%

Boeing Restarts 737 MAX Production, Tackles 4,200 Order Backlog

Boeing has resumed 737 MAX production after a machinists' strike, aiming to tackle a backlog of 4,200 orders

SpaceX's Tender Offer Could Boost Valuation to US$350 Billion

SpaceX plans a tender offer at US$135 per share, potentially boosting its valuation to US$350B, up from US$210B in June 2024

NASA’s Artemis Faces Delays Amid China’s Growing Lunar Efforts

NASA's Artemis program faces delays, pushing back key missions as the US competes with China's growing lunar exploration efforts

FAA Awards US$20 Million to Upgrade US Airport Control Towers

The FAA announced a US$20 million funding for 20 airport air traffic control towers across 15 states

Frontier Airlines to Introduce First-Class Seating in 2025

Frontier Airlines will introduce first-class seating in late 2025, expanding premium options while maintaining its low-cost model

Airbus to Lay Off 6% of Staff in Defense and Space Division

Airbus plans a major restructuring of its Defense and Space division, cutting 6% of its workforce