Boeing CEO to Step Down: The Week in Aerospace

Following months of market pressure, Boeing’s CEO announced he is stepping down by year-end amid a safety crisis. Meanwhile, the Space race intensifies as SpaceX, Blue Origin, and NASA compete for talent. In national developments, the UAEMEX and AEM launched a satellite integration program, and SECTUR is projecting 34 Million international airline seats in 2024.

This is the week in aerospace!

SECTUR Projects 34 Million International Airline Seats in 2024

Mexico's tourism sector is gearing up for a significant influx of international travelers in 2024, with the Ministry of Tourism (SECTUR) announcing plans for over 34 million airline seats from various regions worldwide. This projection marks a 0.7% increase from the 2023 figure.

NASA, SpaceX, Blue Origin Compete in Space Talent Race

Elite aerospace and engineering students are increasingly drawn to the competitive landscape of space exploration, with private companies like SpaceX and Blue Origin offering lucrative salaries and rapid innovation. In contrast, NASA maintains its position as a beacon of stability and legacy in the industry.

Boeing CEO to Step Down Amid Safety Crisis

Boeing CEO Dave Calhoun, along with the company's chairman and the head of its commercial airplane unit, announced plans to depart by year-end. The decision comes amidst intense scrutiny from regulators and growing dissatisfaction from major airline customers.

UAEMEX, AEM Launch Educational Program on Satellite Integration

The Autonomous University of the State of Mexico (UAEMEX), in partnership with the Mexican Space Agency (AEM), has initiated an educational program aimed at cultivating the first group of specialists in satellite integration, utilizing its educational Nanosatellite "AtlaCom-1."

Chile Unveils World's First Solar-Powered Air Traffic Station

The Directorate General of Civil Aeronautics of Chile (DGAC) and Thales have inaugurated the world's first air traffic control radar station powered entirely by solar energy. Positioned at an altitude exceeding 3,500 meters and adorned with 340 solar panels, this station signifies Chile's stride towards sustainable aviation initiatives.

JetBlue Initiates Restructuring Following Failed Spirit Merger

JetBlue Airways has announced a significant restructuring plan aimed at addressing financial challenges and optimizing operational efficiency following the unsuccessful merger with Spirit Airlines.

Boeing Sues Virgin Galactic Over Unpaid Dues, Trade Secrets

Boeing and its subsidiary, Aurora Flight Sciences, have initiated legal action against Virgin Galactic, alleging unpaid dues exceeding US$25 million and the misappropriation of trade secrets related to a joint project for a new aircraft. 

EC Raises Concerns Over Lufthansa-ITA Airways Merger

The European Commission (EC) has raised objections to the proposed merger between Lufthansa Group and ITA Airways, citing potential harm to competition on various routes, both within and outside Italy.