Viva and Volaris announced the formation of a new Mexican Airline Group to accelerate the growth of air travel and connectivity in Mexico
Source: Viva Will enable more flights at low fares for passengers, strengthening connectivity in Mexico. Will maintain Viva and Volaris identities, brands and operations (including independent operating certificates), preserving existing choice for passengers. Will advance the democratization of travel in Mexico. Will realize economies of scale, strengthening the financial profile of the new airline group. The transaction is subject to conditions and regulatory approvals in Mexico and other jurisdictions where Viva and Volaris operate. Grupo Viva Aerobus, S.A. de C.V. ("Viva") and Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”) today announced that they have entered into an agreement to create a new Mexican airline group (“the airline group”) under a [...]