Given the growth in aircraft maintenance services, the aerospace company Safran plans to invest US$120 million over the next few years, from 2024 to 2025, in its operations in Querétaro.

"From this investment, US$50 million will be allocated to the construction of an engine test arch, to subject them to extreme conditions and measure their performance," said Safran's Director of Strategy in Mexico, Edgar Ciceño.

Check here: Querétaro almost reaches 105 million pesos in investments

In Querétaro, the company maintains 108 engines per year, a figure that is expected to increase 108.3% by 2025, when it expects to reach 225 engines per year. This is a significant increase when you consider that it takes 60-80 days to repair an engine.

“During the pandemic, airlines took advantage of the fact that their planes were on the ground to send us their engines and landing gear, which was a record maintenance year. For this reason, we are planning investments in Querétaro in 2024-2025, for US$120 million,” he said.

It is worth mentioning that just in June, the French company announced the expansion of its facilities in the state, with the addition of 800 new jobs, an increase of 33% over the 2,500 jobs it currently has.

In addition to this expansion project, the firm's business unit in the state is being consolidated and will become the largest maintenance center in the Americas for Safran.

Of interest: Increases during 2022 the interest of Chinese investments in Monterrey

“For this year, the Mexican aerospace industry forecasts a growth of between 16 and 18%, reaching a value of US$8 billion at the end of 2022, which is still below the pre-pandemic value of US$9.6 billion” , according to Luis Lizcano. , president of the Mexican Federation of the Aerospace Industry (Femia).

It is estimated that in 2020 the industry in Mexico fell 31.8%, while worldwide the decrease was 35%. However, the forecast is to achieve a pre-pandemic recovery between 2023 and 2024.

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Original note