Mexican airlines Volaris and Viva have entered into an agreement to create a new airline group under a holding company structure, with the objective of expanding low-cost travel and connectivity within Mexico and abroad.
In a move described as a ‘merger of equals’, the two carriers will retain their current operations under their independent operating certificates and brands.
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With enhanced economies of scale through this new airline group, Volaris and Viva say that they will benefit from lowered fleet ownership costs, improved access to capital, and a strengthened financial position. This will enable both carriers to expand their offering of low-cost, high-value service that makes air travel more accessible to a broader set of customers, with the goal of improving market reach and encouraging…
