Expansion of Regional Air Networks and Clear Legal Frameworks are the Growth Enablers for the Central American Commercial Aerospace Industry, Outlook 2021

Expansion of Regional Air Networks and Clear Legal Frameworks are the Growth Enablers for the Central American Commercial Aerospace Industry, Outlook 2021

Future Growth Potential can be Realized by Leveraging Skilled Labor and Regional Fleets

RELEASE DATE
30-May-2021
REGION
North America
Research Code: K5A4-01-00-00-00
SKU: AE01470-NA-MO_25470
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Description

Central America is a natural vacation destination for North American tourists. However, the region’s social and political situation has prevented the region’s commercial aerospace industry from realizing its full potential. While most destinations in Central America have decent point-to-point connectivity from major cities, they severely lack intra connection between specific regions. It has been hard for airlines to find the grounds, labor, and political stability required to develop local connectivity either by a feeder model or through a low-cost regional one. There are currently no major players on the Caribbean region even with potentially profitable markets like Santo Domingo, Havana, San Juan, or Barbados, all of which have natural locations and regional destination which could be easily connected. The only cities in Central America that receive considerable traffic are Mexico City, Cancun, and Los Cabos. Other potential international destinations like Guadalajara, Acapulco, Costa Rica, Belize, or Honduras are widely underserved.

COVID-19 might enable local governments to reset their tourism policies and adopt a more reliable business framework, giving the right incentives to enhance air network services, airports infrastructure, and training. This region has the best tourism assets in the world and the key to unlocking unparalleled growth relies on integration within the region and the adoption of collaborative decision-making procedures by local civil aviation agencies, airport authorities, foreign relation ministries, and private investment groups.

Key Issues Addressed

  • Who are the main stakeholders in the commercial airline market?
  • What is the current market status in terms of economy, growth, and social improvements?
  • What are the next steps that might disrupt the Central American air transportation system?
  • What are the key growth opportunities for the commercial aerospace industry in Central America?

Research Benefits

  • OEMs
  • Public transportation administrations or ministries
  • Investment groups
  • Airline executives
  • MRO service providers

Author: Jonathan Norman

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Commercial Aerospace Industry in Central America

Growth Opportunities Fuel the Growth Pipeline EngineTM

Executive Summary—Overview

Executive Summary—Trends

Covid-19 Impact on World GDP Growth

Covid-19 Impact on Key Regions

Growth Drivers for Commercial Aerospace Market in Central America

Growth Restraints for Commercial Aerospace Market in Central America

Growth Environment

Key Questions This Study Will Answer

Growth Environment—Central America at a Glance

Growth Environment—Central America at a Glance (continued)

Growth Environment—Central America and the Caribbean at a Glance

Growth Environment—Central America at a Glance

Growth Environment—Central America at a Glance (continued)

Business Verticals Analysis—Copa Airlines

Business Verticals Analysis—Copa Airlines (continued)

Business Verticals Analysis—Copa Airlines (continued)

Business Verticals Analysis—Copa Airlines (continued)

Business Verticals Analysis—Aeromexico

Business Verticals Analysis—Aeromexico (continued)

Business Verticals Analysis—Aeromexico (continued)

Business Verticals Analysis—Aeromexico (continued)

Business Verticals Analysis—Viva Aerobus

Business Verticals Analysis—Viva Aerobus (continued)

Business Verticals Analysis—Viva Aerobus (continued)

Business Verticals Analysis—Viva Aerobus (continued)

Business Verticals Analysis—Volaris

Business Verticals Analysis—Volaris (continued)

Business Verticals Analysis—Volaris (continued)

Business Verticals Analysis—Volaris (continued)

Business Verticals Analysis—Aftermarket

Business Verticals Analysis—Aftermarket Spending by Segment: Airframe

Business Verticals Analysis—Aftermarket Spending by Segment: Component

Business Verticals Analysis—Aftermarket Spending by Segment: Engine Maintenance

Business Verticals Analysis—Aftermarket Spending by Segment: Line Maintenance

Business Verticals Analysis—Aftermarket Spending by Segment: Modifications

Growth Opportunity 1—Enhanced Regional Air Networks in the Caribbean Region

Growth Opportunity 1—Enhanced Regional Air Networks in the Caribbean Region (continued)

Growth Opportunity 2—Increased International Destinations for Central America

Growth Opportunity 2—Increased International Destinations for Central America (continued)

Growth Opportunity 3—Training Centers and Academy Opportunities to Tap into Local Labor Sources

Growth Opportunity 3—Training Centers and Academy Opportunities to Tap into Local Labor Sources (continued)

About the Growth Pipeline Engine™

List of Exhibits

List of Exhibits (continued)

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Related Research
Central America is a natural vacation destination for North American tourists. However, the regions social and political situation has prevented the regions commercial aerospace industry from realizing its full potential. While most destinations in Central America have decent point-to-point connectivity from major cities, they severely lack intra connection between specific regions. It has been hard for airlines to find the grounds, labor, and political stability required to develop local connectivity either by a feeder model or through a low-cost regional one. There are currently no major players on the Caribbean region even with potentially profitable markets like Santo Domingo, Havana, San Juan, or Barbados, all of which have natural locations and regional destination which could be easily connected. The only cities in Central America that receive considerable traffic are Mexico City, Cancun, and Los Cabos. Other potential international destinations like Guadalajara, Acapulco, Costa Rica, Belize, or Honduras are widely underserved. COVID-19 might enable local governments to reset their tourism policies and adopt a more reliable business framework, giving the right incentives to enhance air network services, airports infrastructure, and training. This region has the best tourism assets in the world and the key to unlocking unparalleled growth relies on integration within the region and the adoption of collaborative decision-making procedures by local civil aviation agencies, airport authorities, foreign relation ministries, and private investment groups.--BEGIN PROMO--

Key Issues Addressed

  • Who are the main stakeholders in the commercial airline market?
  • What is the current market status in terms of economy, growth, and social improvements?
  • What are the next steps that might disrupt the Central American air transportation system?
  • What are the key growth opportunities for the commercial aerospace industry in Central America?

Research Benefits

  • OEMs
  • Public transportation administrations or ministries
  • Investment groups
  • Airline executives
  • MRO service providers

Author: Jonathan Norman

More Information
No Index No
Podcast No
Author Jonathan Norman
Industries Aerospace, Defence and Security
WIP Number K5A4-01-00-00-00
Is Prebook No
GPS Codes 9000-A1