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8716 Sherwood Terrace
San Diego, CA 92154 USA
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Aerospace Industry in Mexico Welcomes Spectrum S-40

Spectrum to Build S-40 Business Jet in Mexico

US aircraft developer Spectrum Aeronautical is hoping to secure funding by the end of June to launch production of its Freedom S-40 business jet, and has selected Mexicali in Baja, California – 2km south of the US/Mexican border – as the manufacturing and flight test centre for the midsize type.

San Diego-based Spectrum says Mexicali was chosen due to the area's population of highly skilled workers, and for its proximity to the “huge aerospace industrial infrastructure of southern California”. The Mexican government is also offering an attractive incentive package to encourage aerospace investment in the area.

Mexico is really keen to develop its aerospace manufacturing industry and the S-40 will be the first aircraft to be completely manufactured in the country,” says Spectrum chief finance officer David Tenney.

Investment of around $300 million is being sought. “This will fund the aircraft through development, certification and into service,” Tenney says. Mexican bank Bancomext is providing the “debt portion” of the project, he adds, while the remainder will be funded through US and Mexican equity investors. “We are very pleased with the terms we have been offered and hope to have all the money in place by the end of June,” he adds.

The S-40 design is frozen and Spectrum will start building tooling for the aircraft in the coming months. “We plan to break ground on the manufacturing facility by the end of the year, so any tooling we have built up to that point will be transferred to Mexicali,” says Tenney.

The aircraft is designed to seat up to nine passengers in a 1.8m (5.9ft) stand-up cabin. Powered by GE Honda HF120 turbofan engines, the S-40 is projected to have a maximum cruise speed of 440kt (814km/h), a range of 2,250nm (4,170km) and maximum cruising altitude of 45,000ft. It will be certificated under US and European regulations, says Tenney.

The S-40 is the first of three carbonfibre business jets privately-owned Spectrum plans to bring to market over the next few years. These also include an as-yet unnamed larger cabin design and the company's Independence S-33 very-light jet. The latter programme was halted in 2006, after the fatal crash of the only flying prototype.

We have never given up on the programme,” Tenney says. “It has always been Spectrum’s intention to bring a new generation of low-cost business jets to market, but we have been unable to find the right partner until now.


Source: Flight Global Aviation Connected by Kate Sarsfield

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Co-Production International, Inc. Administrative Service Provider San Diego, California
Sales and Consultation Inquiries:
Toll Free: 855.480.0837

ico flag usaUSA Corporate Office
Ph: 619.429.4344
8716 Sherwood Terrace
San Diego, CA 92154
USA

ico flag usaMexico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usa Monterrey Nuevo León Office
Av. Benito Juarez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo Leon 64000, Mexico
info@co-production.net

Co-Production International, Inc. Administrative Service Provider San Diego, California

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMexico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usaMonterrey Nuevo León Office
Av. Benito Juarez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo Leon 64000, Mexico
info@co-production.net

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMexico Corporate Office
Ph: 855.480.0837
Blvd. Tomas Alva Edison 14022
Int. 7A, Tomas Alva Edison
Tijuana, BC 22163, Mexico
info@co-production.net

ico flag usaMexico Monterrey Office
Av. Benito Juarez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo Leon 64000, Mexico
info@co-production.net