Flying Whales plans to invest US$300 million in Mexico

The Franco-Canadian aerospace company Flying Whales will invest US$300 million in Mexico over the next three years to establish airship manufacturing facilities, a pilot training school, and a sales office for Latin America. The project is expected to create 300 local jobs and foster industrial capabilities related to heavy cargo air transport.

The Secretary of Economy and Flying Whales signed a memorandum of understanding to exchange strategic information and cooperate on the implementation of the company’s work plan in the country. The announcement was made during the meeting between Secretary of Economy Marcelo Ebrard and the company’s president, Sébastien Bougon.

During the meeting, Bougon presented plans for establishment and potential investment, to be spread out over three years. The proposal outlines manufacturing activities, pilot training, and commercial development, although no details were provided regarding the location of the facilities or the specific timeline for beginning operations.

Flying Whales is a company dedicated to developing air transport solutions for large-volume cargo, with a model designed for regions where road infrastructure is often limited. Its system allows for loading and unloading operations while the airships remain suspended in the air, without the need to land. In addition, they facilitate access to places that lack conventional airport infrastructure.

The potential investment would bring the company's industrial and commercial expansion strategy to Mexico, with manufacturing facilities and a regional structure to serve the Latin American market. However, while the announced agreement establishes a foundation for collaboration to move the project forward, it does not constitute confirmation that the transaction is currently underway.