Mexico continues to cement its position in the international aerospace industry. This week the country saw the birth of two new technology centers, which were presented with great fanfare. Chihuahua was also crowned king of the Mexican aerospace industry by fDI magazine, ranking the city as one of the Top 5 industrial hubs.

As a matter of pride for Mexico, the state of Yucatan has been chosen by the Spanish company Grupo Elecnor’s as its new location for building communication and research satellites.

Ready for takeoff? This is what made the headlines!

Update airport Mexico City

IATA reiterates Mexico’s need for new airport infrastucture. NAIM’s cancellation costs could rise to US$20 billion of Mexico’s GDP and 20,000 jobs by 2035, according to Regional Vice President Peter Cerdá.

The Singaporean government has announced it interest in rescuing the Texcoco airport project. Singaporean officials will visit Mexico in November.

Aerospace Industry

Elecnor invests US$130 million in a new center for construction of communication and research satellites in Yucatán. The center will be run from the company’s headquarters in Madrid.

Another center will be built in at the Queretaro Technological Institute. The center will serve as a hub for suppliers, entrepreneurs and experts to come together to drive innovation in aerospace.

The city of Chihuahua makes it to the Top 5 in aerospace investment destinations. The other cities in this ranking are located in Brazil, Canada, the US and Singapore.

Aviation

JP Morgan released its assessment of worldwide airlines. The company foresees significant growth once the Boeing Max returns in early 2020.

Avianca exchanges US$475 million in bonds of its US$550 million bonds due May 2020. Bondholders have until September 25 to exchange their paper.

LATAM airlines will appoint Roberto Alvo Milosawlewitsch as the company’s new CEO on March 31, 2020.

LATAM group will send a humanitarian relief plane to the Bahamas to help victims of hurricane Dorian.

Airlines shares drop after spike in oil prices fueled by geopolitical events in the Middle East.

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