A proposal to eliminate overbooking and baggage fees in the airline industry has been presented by Labor Party senators in Mexico. The proposal aims to benefit consumers, but experts warn that it could negatively impact low-cost airlines, which rely heavily on ancillary revenues. The proposed reform would also allow passengers to change their flights without penalty, as long as it is done at least 24 hours prior to departure and on the same route. However, these measures are already covered to a large extent by current legislation. Some experts argue that overbooking is a practice that maximizes seat utilization and should not be prohibited. They also argue that the proposed measures go against the industry’s goal of optimizing income in order to offer more affordable fares and additional services. It is important to note that these proposed changes have not yet been implemented.

Senators are proposing to eliminate overbooking and baggage fees in the airline industry, but experts warn that this could hurt the income of low-cost airlines that rely on these fees. Ancillary revenues from additional charges make up a significant portion of these airlines’ earnings.



SOURCE : https://www.elfinanciero.com.mx/empresas/2024/10/16/senadoras-van-por-eliminacion-de-sobreventa-y-pago-de-equipaje/

Mexico is working towards having sustainable aviation fuels by 2030. Aeropuertos y Servicios Auxiliares (ASA) is developing a blending plant for a pilot project that aims to produce these fuels. The Ministry of Infrastructure, Communications and Transport (SICT) sees having sustainable fuels as a medium-term objective to meet Mexico’s commitments to the International Civil Aviation Organization (ICAO). ASA is working on a sustainable aviation fuels production program to achieve zero net emissions by 2050.

 The Federal Civil Aviation Agency (AFAC) and ASA are collaborating on the Sustainable Aviation Fuels Roadmap, which involves examining demand, raw material availability, and technological maturity. Various stakeholders, including government, aeronautics, energy, agriculture, and academia are involved.

 The project requires the collaboration of the government, airlines, and potential investors. Participants from the national and international aeronautical sector emphasize the need for commitment to achieve the objectives for decarbonizing the aviation sector and making sustainable aviation fuels feasible in Mexico.

SOURCE: https://forbes.com.mx/mexico-tendra-una-planta-de-combustibles-sostenibles-para-la-aviacion-en-2030/#:~:text=La%20industria%20de%20la%20aviaci%C3%B3n,y%20Servicios%20Auxiliares%20(ASA).

In August 2024, bilateral trade between the U.S. and Mexico reached historic highs, totaling $559.8 billion from January to August, marking a 5.2% increase from the previous year. This growth solidified Mexico’s position as the U.S.’s primary trading partner, with a 16% share of total U.S. trade, surpassing Canada and China.
 
Mexico’s exports to the U.S. hit a record $334.7 billion, up 5.8% year-over-year, while U.S. exports to Mexico rose 4.3% to $225.1 billion. August alone saw Mexican exports of $43.7 billion, a 4.8% increase compared to August 2023.
 
Experts highlight that this growth reflects the consolidation of an economic bloc in North America, largely due to strong cross-border supply chains, particularly from states like Texas and California. While Mexico has made significant strides, there are concerns it hasn’t fully capitalized on opportunities from shifts in global trade, particularly with competition from countries like Vietnam and Taiwan.
 
Overall, analysts predict that Mexico will continue to be the leading supplier of goods to the U.S. through the end of 2024, driven by ongoing integration of the North American economies and the impacts of the U.S.-China trade dynamics.
 
SOURCE:
https://www.elfinanciero.com.mx/economia/2024/10/08/crece-el-business-comercio-bilateral-mexico-eu-marca-maximos-historicos-en-agosto/

Mexico has emerged as a significant player in the aerospace industry after two decades of growth and development. The country’s exports in this sector have increased from under $1.5 billion to close to $12 billion, with major projects like Colmena, the first Mexican nanosatellite, and the production of key components for space engines. During the “Space People” congress, industry leaders discussed Mexico’s exponential growth and future prospects in aerospace.

The Mexican Federation of the Aerospace Industry (Femia) highlighted the success of the industry in creating specialized manufacturing jobs, and Femia aims to replicate this success in the space sector. The Hive project, focusing on lunar exploration and space mining, exemplifies Mexico’s ambitions in this field. Additionally, the launch of a Mexican nanosatellite and the development of advanced technologies such as ion thrusters demonstrate Mexico’s technological capabilities and potential for global leadership.

The development of specialized human capital, particularly in STEM fields, is also seen as crucial for Mexico’s future in space industry innovation and education.

SOURCE: https://expansion.mx/ciencia-y-salud/2024/10/04/industria-aeroespacial-mexicana-crece

#aerospace #sierralatam

Mexico is set to swear in its first female president, Claudia Sheinbaum Pardo. The inauguration marks a historic moment for the country, as it is the first time a woman will hold the highest office in Mexico. Sheinbaum, a leftist politician with no ties to PRIism, will receive the presidential sash from the president of the Chamber of Deputies in a ceremony attended by leaders from around the world. The inauguration will also feature the participation of women representatives from native peoples of Mexico.

Notably absent from the event will be King Felipe VI of Spain, due to diplomatic tensions between the two countries. Sheinbaum, a physicist with a PhD in Environmental Engineering, comes from a Jewish European family and has already formed her presidential cabinet. Her mandate will focus on a mix of continuity and change, with a focus on extending social aids and addressing deficiencies in important areas such as health and education.

The challenge of improving security, with the country’s high violent death rates, will also be a priority. The economic impact of the new government is being closely watched, with concerns of a potential economic slowdown.
 
SOURCE: https://elpais.com/mexico/2024-10-01/mexico-encara-una-nueva-era-y-entrega-el-baston-de-mando-a-la-primera-presidenta-del-pais.html

Ministers clash over consultations for complaints against Judicial Branch reform
Ministers of the Supreme Court of Justice of the Nation (SCJN) were divided when deciding on how to handle the complaints that have been filed against the reform of the Judicial Branch.

Ministers of the Supreme Court of Justice of the Nation (SCJN) were divided at the time of deciding on how to handle the complaints that have been filed against the reform of the Judicial Branch.
On the one hand, Minister Yasmín Esquivel proposed declaring that the Court cannot pronounce on the judicial reform in effect since last week, since these are changes to the Constitution.

The judge argued that the SCJN does not have jurisdiction to review the text of the constitutional reform, and therefore she proposed to dismiss it, considering that the requests are notoriously improper.
Meanwhile, Justice Juan Luis González Alcántara Carrancá proposed to grant the request of judges and magistrates for the Supreme Court to determine whether the judicial reform respects the autonomy and independence of the Judicial Power of the Federation.

SOURCE:https://www.elfinanciero.com.mx/nacional/2024/09/24/ministros-chocan-por-consultas-por-reclamos-contra-reforma-al-poder-judicial/

The national leader of the PRI, Alejandro ‘Alito’ Moreno, warned that a proposed constitutional reform aiming to eliminate autonomous bodies like INAI, IFT, and COFECE poses serious risks to Mexico’s democracy. He emphasized that these institutions are vital for ensuring government transparency, economic competition, and macroeconomic stability.

Moreno argued that Mexico’s challenges—corruption, inequality, and economic volatility—demand strong, independent institutions that serve public interests rather than partisan agendas. He highlighted that entities like the INE are essential for conducting fair elections and urged for their strengthening, rather than elimination, to safeguard their autonomy and effectiveness.

 
 
Source: https://www.excelsior.com.mx/nacional/reforma-desaparecer-organismos-autonomos-alerta-pri/1673840