The Impacts of 2020 on the Aerospace IndustryBy Jorge Ramos Zwanziger | Thu, 12/24/2020 - 15:52
The Week in Aerospace highlights developments in Mexico’s industry. We present an interview with the President of FAMEX Major General Rodolfo Rodríguez Quezada explaining why the company aims to strengthen the role of the Mexican aerospace industry and its place in the current global market. In other news, the Environmental and Energy Study Institute warns about the environmental impact the aviation industry has experienced, where efforts were taken by industry giants to innovate their current technology into greener means of transportation. We report as well on the impact COVID-19 has had on the industry´s oil demand.
This and more in your weekly aerospace roundup!
Oil demand has continued its tentative growth over the past few months, having recovered ground from April’s drastic demand drop. Jet fuel and kerosene, consumed primarily by the aviation industry, is more likely to see a slow, drawn-out recovery as travelers steer clear of long-distance flying due to virus concerns.
Interjet has been accumulating debt to government institutions and its personnel for the last year. Due to the risk of Interjet going bankrupt, there is a chance that all the money owed would be lost and not much could be done. Now, employees are asking the Mexican government to acquire the company.
Due to the economic crisis the COVID-19 pandemic has caused, many companies have not paid Mexico City´s International Airport rental spaces, electricity and water bills, luggage inspection, parking spaces, landings, overnight stays, among other things.
The aerospace industry has taken a big hit due to the COVID-19 pandemic. It has been considered the worst crisis in history for this particular sector. Nevertheless, two companies have been able to thrive in their development and expansion plans: AeroMéxico and Aerobus.
The Environmental and Energy Study Institute mentions the environmental impact the aviation industry has had in Mexico, reducing emissions has also been a priority for planemakers for years and the largest commercial aircraft developers have invested significantly in the development of more sustainable units. This push towards sustainability and lower fuel consumption led both OEMs to develop more efficient versions of previously best-selling aircraft.
President of FAMEX,
the general considers Mexico to be a leader in aerospace parts manufacturing that will be used in many aircrafts around the world. Currently, the country is the 12th-leading aerospace manufacturer. FAMEX aims to reactivate the sector and communicate that Mexico has a strong aerospace industry that makes up close to 400 companies, including OEMs and Tiers 1 to 4.