Avionyx, an aeronautical engineering company that develops and tests software for aircraft systems, is expanding its operations in Costa Rica.
The U.S. company has been in Costa Rica since 2005 and currently employs 70 people there in creating and testing aeronautical software. Its engineering payroll is expected to double "in the medium term" because of increased demand for aircraft software development, the company said in a release provided by the Costa Rica Investment Promotion Agency (CINDE).
"Avionyx's decision to further its growth in Costa Rica honors us deeply," said Costa Rica Foreign Trade Minister Andrés Valenciano in the release. "Our country continues to demonstrate consistently that we have the tools necessary to successfully insert ourselves into the knowledge economy, while taking advantage of our human talent."
While the Avionyx operates with U.S. capital, all of its engineering operations are in Costa Rica, the release said. The company's headquarters are in the America Free Trade Zone in the Costa Rican capital of San José. It uses its strategic location to provide its services to U.S. companies, the release said.
"With this growth, there are 50 more people who will now, and from Costa Rica, support highly specialized processes of high added-value in the aeronautical sector," Valenciano said. "We celebrate this good news and hope to continue as important allies in the company's growth, in an industry that seeks to make its mark as a pillar of development in research and technology."
The company plans to continue to grow its operations with new aeronautical technologies, including electric vertical take-off and landing (eVTOL), it said in the release.
"The aeronautical industry and its level of demand require highly specialized talent and teams that can develop disruptive technology, such as that used in eVTOL aircraft," Jorge Sequeira, managing director of CINDE, said in the release. "For 16 years, Avionyx has relied on Costa Rican talent to create applications that manage commercial and private flight systems around the world. Proximity to the North American market allows the company to take advantage of this talent, to respond in a timely manner to manufacturer demands."