Mexico has become the location of choice for aerospace and aviation companies seeking a low-cost manufacturing footprint in North America. NAFTA (North American Free Trade Agreement) also plays a role in attracting aircraft manufacturer operations because of the low cost for raw materials. Today, nearly every component of an aircraft can be manufactured in Mexico, including turbines, fuselages and sensors for jet engines.
Also, while Mexico’s cost structure leads to great savings, the Mexican government has laid out a comprehensive, sound, multi-year plan that aims to increase and improve the country’s aerospace market focusing on design, development, and engineering output as a way to entice foreign companies. Predictably, the plan highlights the attractive price of labor in Mexico and the numerous technical schools around the country that support the industry and subsequent markets.