The Mexican Transport Institute (IMT) suggests transferring official operations from the Mexico City International Airport (AICM) to the Felipe Angeles International Airport (AIFA) to increase the airport’s capacity from 43 to 61 commercial operations per hour. It is recommended to move important official hangars, such as the presidential hangar and those of the Ministry of Defense and other institutions, to AIFA. The IMT also recommends remodeling or modernizing AICM’s passenger terminals to create more space.

Cargo operations have already been moved out of AICM to free up space. The plans to build Terminal 3 at AICM aim to avoid disruptions in operations during the upgrade of the other terminals. The next federal administration aims to enhance the use of the country’s airport network, with a focus on the demand for air services in the center of the country. The future outlook for the airline industry is promising, driven by factors such as tourism, trade, free trade agreements like T-MEC, and nearshoring.

Source: https://www.eleconomista.com.mx/amp/empresas/El-IMT-recomienda-trasladar-operaciones-oficiales-del-AICM-al-AIFA-20240707-0093.html

#aicm #aifa #imt

Boeing has agreed to plead guilty to criminal fraud conspiracy and pay a $243.6 million fine as part of a settlement with the U.S. Justice Department over the 737 Max crashes. The plea agreement, which needs approval from a judge, comes after federal prosecutors gave Boeing the option to plead guilty or face trial on felony charges. The settlement also includes an additional $243.6 million fine, investment of at least $455 million in compliance and safety programs, and three years of surveillance and independent monitoring.

The agreement also requires Boeing’s board of directors to meet with the families of the crash victims. However, the settlement has faced criticism from the families, who seek a trial and harsher financial consequences for Boeing. The company had previously reached a settlement in 2021, but this new settlement comes after the Justice Department found the company had breached its commitments. In addition to the settlement with the Justice Department, Boeing also agreed to pay a $200 million fine to the Securities and Exchange Commission for misleading statements about the safety of the 737 Max.

Source: https://elpais.com/economia/2024-07-08/boeing-se-declara-culpable-de-fraude-por-los-accidentes-catastroficos-de-los-aviones-737-max.html?outputType=amp

#737max #boeing #aviation #sierralatam

IATA reported a 14.7% increase in total air cargo demand in May compared to May 2023
, marking the sixth consecutive month of double-digit growth. Capacity increased by 6.7% year-on-year. The surge in demand was driven by trade growth, the e-commerce boom, and maritime transport constraints.

Future growth remains positive but faces challenges from stricter U.S. conditions on e-commerce deliveries from China. In May, the global manufacturing PMI and new export orders indicated expansions of 52.6% and 50.4%. Inflation was mixed, with rates falling in the EU and Japan but rising in the U.S. and remaining near zero in China.

North American airlines saw an 8.7% year-on-year increase in air cargo demand, with the Asia-North America route growing by 12.0% and North America-Europe by 8.9%. Latin American carriers experienced a 12.7#aviation% demand increase, with capacity up 8.0%. European carriers saw a 17.2% increase, with intra-European cargo rising by 25.6%.

Source :

https://a21.com.mx/aeronautica/2024/07/03/continua-fuerte-demanda-de-la-carga-aerea-nivel-mundial-iata

#iata #aviation #aircraft# cargo

We are pleased to announce that on Wednesday, July 3, Sierra LATAM was in attendance at the race of the attorney.

#carreradelabogado2024 #sierraabogados #sierralatam

The Mexico City International Airport (AICM) has awarded Grupo Constructor Pirámide (GCP) a contract worth 290 million 213,816 pesos to rehabilitate the Bravo taxiway. The purpose of this project is to improve the efficiency of aircraft transit through the airport. The contract was announced on June 28, after three delays, and the work is scheduled to last for 305 days starting on July 9. The construction will be carried out in sections to avoid disrupting air operations.

The bidding process attracted 10 technical and economic proposals. The tasks involved in the project include demolishing or cutting asphalt concrete binder, excavation, constructing layers with different materials, supplying and placing high-density polyethylene, and constructing and placing ready-mixed concrete slabs with steel structures.

Source: https://www.eleconomista.com.mx/amp/empresas/AICM-invierte-290-mdp-en-calle-de-Rodaje-Bravo-20240702-0141.html

#aicm#taxiways#aircraftnews

The Federal Civil Aviation Agency (AFAC) in Mexico has implemented corrective action plans in response to an audit conducted by the International Civil Aviation Organization (ICAO). The audit, which consisted of over 710 questions, took place from February to March of this year and will soon be released. Out of the total number of questions, 310 require a corrective action plan, which the AFAC has already put into place and is reviewing with the ICAO regional office in Mexico.

The audit addressed various issues within the competence of the AFAC, including aviation medicine, accident and incident investigation, ground aids, and airworthiness. The results of the audit will be made public as the information is not classified. Additionally, the ICAO previously expressed concern about the lack of sufficient supervision in the verification of radio aids to air navigation in Mexican aviation. However, this concern was resolved before the deadline imposed by the ICAO. The AFAC has a budget of 712 million pesos this year, which some sector specialists believe is insufficient.

Source: https://www.reforma.com/afac-cuenta-con-plan-de-accion-ante-auditoria-de-oaci/ar2831978

#icao#afac#aircraftnews#aviacionmexico #oaci

Despite persistent challenges such as inflation, operational constraints, and aircraft delivery delays, the global aviation industry saw stable profitability in the first quarter of 2024 compared to the previous year. According to the International Air Transport Association (IATA), the net profit margin for airlines stood at -1.1% in Q1 2024, a slight improvement from -1.3% in Q1 2023. Revenues showed a year-on-year increase of 9.8%, a significant deceleration from the 47% growth seen in Q1 2023. Revenue yields saw a slight decline, primarily due to the high base in Q1 2023, but yield excluding fuel costs actually increased.

Earnings Before Interest, Taxes, Depreciation, Amortization, Depreciation, and Rent (EBITDAR) increased by 8% year-on-year, reaching a margin of 10.1%. However, profitability remains under pressure compared to pre-Covid levels. Rising aircraft ownership costs and delays in new deliveries impacted net income profitability, but adjusted net margin without these factors would have reached approximately -0.1%. The first quarter’s performance bucks historical trends and may indicate potential for the rest of the year, although further analysis is needed.

#iata #icao #airlines #aircraft #aviation

Airports and Auxiliar Services (ASA) has certified nine Mexican airports in the Airport Carbon Accreditation Program Level 1 of the Airports Council International (ACI). These airports include Tepic, Puerto Escondido, Ciudad del Carmen, Loreto, Colima, Puebla, Ciudad Victoria, Tehuacan, and Poza Rica. Seven of the certified airports have been transferred to other airport operators, while ASA remains a partner.

To achieve certification, ASA conducted various actions to determine the operational limit of the airports and collect data on emissions for the base years of 2019 and 2022. ASA’s Sustainability Policy established in 2023 and the ongoing development of their Sustainability Strategy aim to promote sustainability in the aviation sector in Mexico, Central America, and Latin America. The next step for these airports is to create plans to reduce their carbon emissions and contribute to global decarbonization goals and Mexico’s climate change commitments. ASA is dedicated to specialization, innovation, and sustainability in order to tackle future challenges.

#iata #icao #airlines #aircraft #aviation #asa #carbonemissions #aci

The International Air Transport Association (IATA) projects that airlines will earn $30.5 million in profits in 2024, marking an 11.3% increase from the previous year. Total revenues are expected to reach a record $996 million, growing by 9.7% year-on-year, while expenses are projected to grow slightly lower at 9.4% to $936 million. The number of travelers is expected to hit an all-time high of 4.96 million in 2024, surpassing both 2023 and pre-pandemic levels recorded in 2019.
 
 Cargo volumes are estimated at 62 million tons for the same year. However, IATA Director General Willie Walsh cautioned that despite the positive outlook, the industry still has a long way to go, with a return on invested capital of only 5.7%, well below the cost of capital. Additionally, due to supply chain problems in the aerospace sector, flight inventory for 2024 is expected to be 1.4 million lower than previously estimated.

#iata #icao #airlines #aircraft #aviation