Aerospace Industry in Latin America

Exports of aerospace industry exceed 7 thousand mdd
MEXICO REPORTED AN AVERAGE ANNUAL GROWTH OF 15% BETWEEN 2004-2016
Exports of aerospace industry exceed 7 thousand million dollars

Fri, 03/17/2017 - 11:25 Pilar Juárez

FEMIARESULTADOS FINANCIEROS2016
The exports of the aeronautical industry reached 7,164 million dollars during 2016, which means a growth of 7.2 percent, with respect to 2015 and the expectation is that a positive behavior is maintained mainly driven by the advance of the air transport of passengers , Reported the Mexican Federation of the Aerospace Industry (FEMIA (link is external)).

Luis Lizcano, CEO of Femia said that the Mexican aerospace industry has a great opportunity for growth considering that demand for airplanes will double for the next 20 years.

"Air traffic is the engine of the industry. The increase from one year to the next in passenger volume, is equivalent to the total volume in 1970 and will continue to grow," he said in an interview with A21.
Of the total exports, 79 percent is destined for the United States, while 73 percent for imports comes from this country, reflecting the interdependence of both economies.

I explain that in the assembly and construction of an aircraft requires up to six million pieces from different parts of the world, so the supply chain of the aeronautics industry is one of the most globalized.

The expectation for the aviation industry in Mexico in 2017 is to reach exports close to 8 billion dollars and have about 60 thousand jobs in the sector.

Imports amounted to US $ 5.898 billion, an increase of 4.3 percent from US $ 5.653 billion in 2015, mainly from the United States.

As a result, the balance of the trade balance remains surplus and totals 1,266 million dollars at the end of 2016, according to joint data from the Ministry of Economy, the General Directorate of Heavy Industries and High Technology (DGIPAT) and the Bank of Mexico.

According to FEMIA statistics, industry in Mexico reported annual average growth of 15 percent from 2004 to 2016.

Please, Log in or Register to view URLs content!

Click to expand...

400 employees of the state aircraft factory remain on the street
March 18, 2017

The Argentine Aircraft Factory (FAdeA) reported a sharp reduction in its deficit, based among other measures on a reduction in its staffing.



FAdeA is a state-owned corporation created in December 2009, during the presidency of Cristina Fernández de Kirchner, when the National State acquired the shareholding of Lockheed Martin Aircraft Argentina SA, located in the "Logistics Cordoba Area" Of the Argentine Air Force), facilities of the disappeared Military Factory of Airplanes.
The Argentine Aircraft Factory (FAdeA) reported a sharp reduction in its deficit, based among other measures on a reduction in its staffing.


The company said that "it ended last year with a consolidation of assets, resulting from a capitalization of $ 1.7 billion with the national state and a reduction of 92.3% of the deficit of $ 1,569 recorded in 2015, as a result of three aspects: a cut Of $ 327.6 million in structure costs (reduction of expenses and renegotiation of contracts with suppliers); A saving of $ 326.4 million in labor costs for a downsizing of the provision and sale of maintenance services to the FAA and to the Presidency of the Nation. "
In terms of personnel, almost 1,600 workers fell to 1,190 through early retirement, voluntary withdrawals and some dismissals punctuated with cause and this process remains open.
Córdoba is one of the provinces hardest hit by the unemployment caused by the closure of hundreds of SMEs, businesses and the fall of tourism, natural harvest of Cambiemos neoliberal economic policies (PRO, UCR, UNA).
Source: Aerom

Please, Log in or Register to view URLs content!

Click to expand...

Miragedriver said:

40 built, but no engine or avionics

Click to expand...