New National Commercial Aerospace Hub to launch today

Collaborative manufacturing network META
will launch a new National Commercial Aerospace Hub today.

– the Manufacturing Excellence Taskforce of Australia – will make the
announcement at 1:05 pm today at the CAPA Australia Pacific Aviation Summit 2014, at Sydney’s Sheraton on the Park.

According to
META, which has partnered with Aviation/Aerospace Australia for the hub, the
goal is to create “connections between Australian manufacturers, researchers
and industry experts” to take advantage of growing opportunities in the
commercial aerospace sector.

opportunities, according to those involved in the hub, are vast, pointing to Deloitte Touche Tohmatsu research predicting 36,770 wide-body passenger
aircraft (worth $5.5 trillion) to be delivered globally in the next two

The hub’s
goal is to “take advantage of huge untapped opportunities” in the global
market, said META’s managing director, Zoran Angelkovski, in a statement.

The statement also cites room for greater participation by Australian metal component firms, who represent a mere $200 million of a $50 billion market in global procurement. 

The hub
launch follows similar announcements from META in May for a Carbon Fibre Hub and
in July for a Sports Advanced Manufacturing Hub. The hubs, like the Commercial Aerospace
Hub, are geared towards increasing Australia’s contribution to their relevant
markets through engagement.

META’s members include what it calls “high
performance manufacturing businesses”, Australia’s universities and the