Mexico City’s New Airport was again the main topic of the aviation industry this week. President-Elect Andrés Manuel López Obrador’s proposal to cancel the project is still on the air, as he vowed to carry out a public consultation on the airport’s continuation. However, this consultation is not legally valid since he is not yet President. Thus, the results are not binding in any way. Until a decision is made on this project, investments, carriers’ growth projections and the future of aviation seem uncertain.
The liberation of Mexico’s aviation fuels market (one of the forgotten promises of the Energy Reform) is becoming a reality as CRE publishes its list of maximum tariffs for jet fuel storage and ASA gets ready to support clients that want to use its 60 jet fuel storage stations.
The sky is clear and we’re cleared for take-off. Here’s your weekly dose of aviation and aerospace.
NAIM Project Continues Hanging
President-Elect Andrés Manuel López Obrador (AMLO) recognized that cancelling NAIM would cost around US$100 million.
The new government’s transition team stated that if the NAIM project is continued, it will be ready for operations 20 months after the original planned date.
IATA warns that not building this airport could cost Mexico around 20 million passengers by 2035, which would have financial consequences for the country.
NAIM’s budget is still at US$13.3 billion despite the project’s expansion, volatile exchange rate and rising materials’ prices, according to the Ministry of Communications and Transport (SCT).
Opening Fuel Storage to Competition
Mexico’s CRE has published the list of maximum tariffs applicable to the storage of jet fuel in ASA’s 60 storage stations.
Mexico’s Aviation Thrust
TechOps plans to expand its MRO operations in Queretaro. The company will hire 400 more employees and four new service lines.
Investments by Synergy Group to make Aeromar profitable again depend on reaching labor and legal certainty.
ASA’s passenger traffic increased 11.1 percent in 1H18 with Puebla experiencing one of the largest growths.