Mexico Aerospace and Aviation Executive Brief – May 4, 2009
| Monday, May 4, 2009 |
Number 13 |
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Crude Oil
May 4, 2009
$53.72
Dollar
May 4, 2009
Compra $13.2631
Venta $13.2852
Euro
May 4, 2009
Compra $17.0749
Venta $17.1060
InflacionAnual
(Mar 2008-Mar 2009)
Objetivo: 3.0
Inflacion: 6.04
Marzo: 0.58
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Mexico Aerospace and Aviation Executive Brief
It’s been a week headlined by swine flu as most of Mexico’s economic activity came to a screeching halt in unprecedented action to curb the spread of the disease.
Actions halted nonessential state services as well as the private sector from May 1 to May 5.
Mexican President Felipe Calderon is confident will soon return to normal and regain economic momentum. “Mexico is trying to return to normalcy as soon as possible,” Calderon said in a televised interview broadcast yesterday. The President said it is too soon to estimate the economic impact caused by the virus. “Some economic sectors may recuperate immediately,” he said.
Experts estimate the economic halt has cost 2 billion pesos ($150 million) of lost gross domestic product per day.
Health Minister Jose Cordova declared yesterday that the epidemic is in a “declining phase” and appears to have “contained itself”.
Activity in the country may return to normal on May 6.
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Badger Meter to shift work to Mexico
To reduce costs and optimize a new factory, Badger Meter Inc. plans to shift production from its main operations in Brown Deer to a new plant in Mexico. |Read More |
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Middle East Civil Aerospace Industry Growing Despite Recession
The civil aerospace industry in Middle East is preparing to add on 114 civil aircrafts to its fleet in 2009, notwithstanding the global economic conditions. |Read More |
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Boeing working to make Dreamliner test flight a reality
Boeing mechanics and engineers are working round the clock to make sure the new 787 Dreamliner, already two years behind schedule, makes its first test flight before the end of June. |Read More |
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Counterfeit Parts Infiltrate Aerospace Projects
Electrical, military and aerospace industries face a dangerous resurgence: the unintentional use of counterfeit components in place of certified parts. |Read More |
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Boeing in U.S. Special Ops deal worth up to $250 mln
WASHINGTON (Reuters) – Boeing Co (BA.N) has won a U.S. Special Operations Command contract worth up to $250 million for a remotely piloted reconnaissance aircraft system, the Defense Department said on Wednesday. |Read More |
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OEM layoffs continue as the recession deepens
Among the major business aviation industry employers-aircraft manufacturers and primary vendors-total job losses due to furloughs, layoffs and attrition are now approaching 20,000, and it appears that number will grow as credit remains bogged down and the recession grinds on. All OEMs are finding that some customers are facing last-minute financing shortages right before the delivery of their business jet, putting further pressure on manufacturers’ production and delivery schedules. |Read More |
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Boeing Presses Congress to Order More of Its Planes
The Boeing Company, which was hit harder by the Obama administration’s spending cuts than any other defense contractor, is pushing Congress to increase its orders for planes and fighter jets by $3 billion, industry officials said Wednesday. |Read More |
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Jose Ruiz – Principal
Heidrick & Struggles
Torre Avalanz
Batallon de San Patricio #109 – 10th FloorCol. Valle Oriente
San Pedro Garza García
Monterrey N.L. 66260 Mexico
Tel: +52 818.625.6521
Mob: +52 1 811.066.3292
jruiz@heidrick.com |
About Heidrick & Struggles
Heidrick & Struggles International, Inc. is the world’s premier provider of senior-level executive search and leadership consulting services, including talent management, board building, executive on-boarding and M&A effectiveness. For more than 50 years, we have focused on quality service and built strong leadership teams through our relationships with clients and individuals worldwide. Today, Heidrick & Struggles executive recruiters and leadership experts operate from principal business centers in North America, Latin America, Europe and Asia Pacific. In Mexico, Heidrick & Struggles operates offices in Mexico City and Monterrey. For more information about Heidrick & Struggles please visit www.heidrick.com
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