Good News for Mexican Aviation and Aerospace SectorsBy Jorge Ramos Zwanziger | Thu, 03/04/2021 - 17:50
This week, Mexico airport groups’ 4Q20 financial reports point toward moderate recoveries in revenue and passenger traffic. But the industry is still flying below pre-pandemic levels. The aviation sector stands to benefit from more cargo planes to compensate the losses caused by less demand for commercial travel.
The Mexican space industry is ready for take off, which may benefit numerous sectors, such as agriculture. In international news, the Perseverance rover landed in Mars and began its two-year long mission to gather information about the planet. A Mexican Ph.D. graduate from MIT is participating in this project.
Ready for takeoff? This and more in your weekly aerospace roundup!
Mexican airport groups ASUR, OMA, and GAP released their financial reports for 4Q20, which point toward moderate recoveries in both revenue and passenger traffic in comparison to the previous quarter. But the COVID-19 pandemic is affecting company’s results due to decreased levels of international and domestic passenger traffic. Read on their 4Q20 numbers here!
Mexico’s accelerated growth in the aerospace industry can support the development of a local space sector. Recent projects led by local university researchers open more possibilities in terms of space development. Read more here!
Latécoère, a French aeronautical company, has acquired Bombardier’s Electrical Wiring and Interconnection Systems (EWIS) business in Queretaro, Mexico. The acquisition is valued at almost US$45 million. The move is strategic for the French company because it is expected to boost orders and enable the expansion of customer portfolios. Read why here!
Airfreight in Mexico experienced a 9.1 percent year-on-year increase, despite the pandemic. While the low demand for passenger flights has taken a toll on the aviation industry, growth in demand for air cargo due to the e-commerce boom creates possibilities to strengthen the air sector. Read more here!
Delta Air has announced new routes between North America and Brazil in its trans-America Joint Venture Agreement (JVA) with LATAM Airlines. The agreement offers benefits for customers, as well as shorter connections between North America and Brazil. The Brazilian Administrative Council for Economic Defense recently announced the final approval. Read more here!
NASA’s Mars 2020 Perseverance rover launched on July 30, 2020, has landed on Mars! The project was designed to better understand the geology of the plant and, maybe, find signs of ancient life on the red planet. The rover will spend one Mars year (two earth years) doing the necessary research and gathering as much information as possible. Read more here!