Mexico has one of the world’s most prominent and fast-paced growing aerospace sectors. For that reason, the Mexican Federation of the Aerospace Industry (FEMIA) forecasts a strong recovery in 2022. Meanwhile, the Ministry of Infrastructure, Communications and Transport (SICT) announced an alliance between Mexico and Uruguay to boost the satellite infrastructure of both countries and fight climate change.
Ready? This is the week in Aerospace!
Mexico’s aerospace sector has grown nearly 18 percent year over year in 2022, as FEMIA forecasts revenues reaching US$8 billion during the year. The aerospace sector was the country’s fastest growing industry between 2009-2019, averaging an annual double-digit growth.
“The main players want to come to Mexico because they know the region could add to their competitiveness. Mexico strengthens the North American economic block,” René Espinosa, President, FEMIA, told MBN.
The International Air Transport Association (IATA) attributed the recovery of bookings and air passenger transport to the recent global relish in the freedom to travel. In October 2022, air traffic reached 74.2 percent of 2019 levels.
“Traditionally, by October we are into the slower autumn travel season in the Northern Hemisphere, so it is highly reassuring to see demand and forward bookings continuing to be so strong. It bodes well for the coming winter season and the ongoing recovery,” said Willie Walsh, Director General, IATA.
Ultra-low-cost airline Viva Aerobus received the Center for Aviation Asia Pacific’s (CAPA) Aviation Award for Low-Cost Airline of the Year 2022, praising the airlines’ outstanding results in strategy, leadership, resilience, innovation and ability to adapt to a challenging environment.
"We are very proud to be the first Mexican airline to receive this award, especially now, in challenging times for the airline industry in which we are coming out of a pandemic and entering a highly volatile environment," said Juan Carlos Zuazua, Director General, Viva Aerobus.
SICT, through the Mexican Space Agency (AEM), and the Mexican Agency for International Development Cooperation (AMEXCID) of the Ministry of Foreign Affairs (SRE) announced that Mexico allied with Uruguay to develop satellite infrastructure, promote solutions to tackle climate change and support scientists and engineers from both counties.
“By virtue of the international will of the Government of Mexico to reduce GHG (Greenhouse Gas) emissions, this national satellite infrastructure project will be promoted for this purpose, since of the 52 variables to measure and mitigate Climate Change, half can only be measured precisely from space,” said Salvador Landeros Ayala, General Director, AEM, via a press release by the SHCP.