The Week in Aerospace: Soaring Results for 2020By Alessa Flores | Fri, 12/20/2019 - 12:48
Mexico currently ranks fifth in the aerospace manufacturing sector worldwide, with a market share of 2.8 percent. Although this is a minimum percentage, the country has shown an average annual growth of 14 percent in the industry between 2004 and 2018, with more than 55,000 jobs created in 19 states and an export volume of US$8.6 billion in 2018, according to Luis Lizcano, Director of FEMIA. The federation announced the sector expects double-digit growth for the following year, while Group Aeroméxico confirmed its intention to invest in infrastructure for the industry.
Now, let’s jump into the Week in Aerospace!
- Mexico's aerospace exports are set to grow by 10 percent this year and 80.7 percent of these will go to the US. By the end of 2019, Lizcano, along with a group of companies such as Airbus, Bombardier Aerospace, General Electric and Honeywell, has projected exports of approximately US$9.5 billion in aircraft components.
- Grupo Aeroméxico is willing to invest in improving AICM’s infrastructure, its main operations center, and to enhance the traveling experience for passengers. In 2016, given the lack of public resources, the company contributed a little more than MX$200 million (US$10.57 million) to the expansion of the 75th hall at Terminal 2. Now, if necessary, it will participate in the construction of Terminal 3, according to Christian Pastrana, Director of Communications.
- Boeing expects to halt production of the 737 Max starting in January, while awaiting the re-certification of the controversial aircraft model, the company announced on Monday. The 737 Max was grounded in March after two fatal accidents: the Lion Air aircraft that sank in the Java Sea in October 2018 and the Ethiopian Airlines aircraft that crashed near Addis Ababa in March and killed 346 people.
- The aerospace industry in Taiwan is expected to thrive over the next decade as the world’s air transportation market shifts to the Asia Pacific. Taiwan’s aerospace sector is growing at an annual 8 percent rate, outperforming the global average of 4 percent, said Moudy Hu (胡開宏), chairman of the Taiwan Aerospace Industry Association and the Aerospace Industrial Development Corporation.