Aviation and aerospace sector to grow with government support

Aviation and aerospace sector to grow with government support

MEXICO - The Mexican aviation and aerospace industry has the opportunity to grow at double digits, as long as it has the support of the government, the Private Initiative (IP) and society in general, as they provide specialized labor to the sector, said Erick Palacios Garza, Managing Director of Aerocluster Monterrey.

“I think there are several opportunities, if you think about it, the industry is managed on the triple helix model where we have government -both state and federal-, the part of universities and IP, which contemplates the segment industry," said the executive.

He added that the cluster he heads, specifically in the commercial aviation sector, will have a growth of at least 15% annually in the coming years.

The executive pointed out that this is due to the growth of the Mariano Escobedo airport and some airlines that work closely with them, such as Viva Aerobus.

“We are also seeing a lot of growth in the air sector in the United States, they are at a standstill due to lack of maintenance, there is a great lack of technicians and little by little they are turning to us," he commented.

According to Palacios Garza, Mexico's aerospace industry, in terms of parts manufacturing, is at 90-95% of its capacity and added that all companies are investing in new machinery and that “more and more” orders are coming in.