Mexico’s Aerospace Industry After COVID-19By Jorge Ramos Zwanziger | Thu, 06/10/2021 - 17:04
This week, Carlos Robles, Vice President of the Central Region at FEMIA, discussed the possibilities in Mexico’s aerospace sector has after COVID-19, while Luis Lizcano, Director General at FEMIA, highlighted the different strengths and processes the industry is using at this point. Finally, Alberto Palomino, Director of Makinovo, discussed Chihuahua’s position in the local aerospace industry.
What strategies is Mexico taking to recover its Category 1 air safety rating? Is the country doing better in passenger traffic? What do May’s numbers say about the future of commercial aviation?
Buckle up! This and more in your weekly aerospace roundup!
Aerospace Sector Sees Recovery Approaching: Luis Lizcano, Director General at FEMIA
According to Lizcano, Mexico’s aerospace industry is expected to recover to its 2019’s levels by the end of 2022 or the beginning of 2023. Meanwhile, the slowdown caused by the pandemic allowed the industry to focus on optimizing its processes and supply chain. During this period, FEMIA is working with different financial institutions to develop financial alternatives to support small and medium aerospace companies, but the country’s financial situation has not made this easy. Read more about the challenges and the strategies implemented here!
What’s Next for the Mexican Aerospace Industry?: Carlos Robles Vice President of the Central Region at FEMIA
Robles discussed the impact of COVID-19 on airlines, SMEs, and larger companies. But even though the pandemic brought numerous challenges, it also accelerated or highlighted the need to strengthen relationships and reinforce networks of aerospace companies, added Robles. He also addressed how this weeks’ election results could influence the sector and explained trends and strategies FEMIA is developing. Read them here!
Makinovo Highlights Chihuahua’s Strengths: Alberto Palomino, Director at Makinovo
Palomino explained the different strengths the company gets from operating in Chihuahua: “Being close to the US border gives us an advantage on imports, making it easier, for example, to import the many raw materials necessary to manufacture our products.” The state has an advantageous location, a large pool of talent, and other strengths. Read more here!
After the category downgrade, concerns over the future of Mexico’s commercial air industry arose, leading to meetings to develop strategies to recover the lost grade. This strategy includes modifications to the Regulations of the Civil Aviation Law and the Regulations for the Issuance of Permits, Licenses, and Training Certificates for Technical and Medical Personnel. Read more here!
Viva Aerobus and Aeroméxico reported positive numbers for national passenger traffic during May. However, results were not as positive in the case of international traffic. What does this mean for the industry? Read more here!