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Soaring Aerospace Sector

Fri, 12/01/2017 - 18:05

Mexico's aerospace sector has grown steadily for several decades, powered by rising demand for flight tickets that translates to more aircraft orders and deliveries. While net orders to OEMs have decreased, the four most important planemakers have a healthy backlog and are ramping up operations to boost deliveries. Boeing and Airbus have maintained a positive demand forecast to 2037 with 42,730 and 37,230 commercial aircraft, respectively, so growth opportunities are ripe for Mexican aerospace suppliers. With the support of FEMIA’s National Supplier Development Program, Mexico's aerospace industry has set ambitious goals for 2020, including entering the Top 10 ranking of aerospace exporters worldwide and reaching annual exports worth US$12 billion.