An iconic aircraft has met its bitter end. Airbus announced it will stop manufacturing its largest aircraft, the A380, in 2021. In local news, the Mexican Space Agency (AEM) launched an industry day to bring together different players in the sector, while Queretaro’s association of SMEs introduced programs to help local businesses enter the aerospace industry.
In the aviation sector, Viva Aerobus issued MX$1 billion (US$52 million) in bonds and Aeroméxico announced a shared code that will connect the airline with 20 Japanese cities. Aeroméxico’s director also explicitly stated that the airline will not operate at two airports, referring to President Andrés Manuel López Obrador’s proposal to run simultaneously AICM and Santa Lucia.
Now dive into last week’s highlights:
Andrés Conesa, Director General of Mexico’s flagship airline Aeroméxico, says the airline refuses to operate at two different airports in Mexico City.
Low-cost airline Viva Aerobus issues five-year bonds worth MX$1 billion (US$52 million). Half of the money raised will be used to pay debt while the other half will be invested in the airline.
Aeroméxico creates shared codes with Japan Airlines, allowing the Mexican airline to offer 20 destinations in the Asian country.
Airbus will halt production of its iconic A380, the largest commercial aircraft in the world, following weeks of deliberation on the airplane’s future caused by order reductions and cancellations from major customers such as Emirates and Qantas.
Bombardier reverses 2017’s losses and reports US$318 million in profit for 2018.
AEM launched Industry Day, an event that brought together companies involved in satellites, robotics and telecommunications, schools and research centers with the goal of strengthening the country’s space capabilities.
Queretaro’s Association of Industrial SMEs (AMIQRO) launched a development program to help local suppliers enter the state’s aerospace sector.