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Weekly Roundups

The Week in Aerospace: Yucatan Hits the Skies

By Alessa Flores | Fri, 01/10/2020 - 13:00

Despite lacking economic growth in 2019, the Mexican aerospace sector grew 10 percent leading to an average annual growth rate of 14.4 percent over the last 15 years, according to FEMIA. Mexico ranks 12th in the world in terms of aerospace production. However, the country still faces problems such as growing its workforce and incorporating SMEs into the value chain. Yucatan has now become the most recent participant in the aerospace scene, becoming a pole of investment for aerospace companies.

This and more in the Week in Aerospace!

NATIONAL

  • Aerospace companies invested almost MX$500 million (US$26.6 million) during 2019 in Yucatan. Starting off 2020, US company PCC Airfoils – which has investors such as Warren Buffett and customers including Safran and Samsung – announced an investment of MX$300 million (US$16 million) to expand its production capacity with a nickel-core base blade casting complex.

 

  • Grupo Aeroméxico reports that a confidential compensation agreement was recently reached with The Boeing Company to mitigate costs arising from the temporary suspension of operations of Boeing 737 MAX units.

 

 

 

INTERNATIONAL

 

 

Alessa Flores Alessa Flores Senior Journalist and Industry Analyst