Mexico’s two largest low-cost carriers are moving to combine forces. In details shared late Thursday evening, Volaris and Viva Aerobus outlined a new holding company structure to create the Mexican Airline Group.
This proposed merger of equals would allow both Volaris and Viva to continue operating independently. The companies said they will retain their existing brands, leadership teams, and operating certificates.
If approved, the merger would significantly reshape Mexico’s aviation landscape and position the brands as more formidable competitors to full-service flag carrier Aeromexico.
What are the Details of the Deal?
Under the terms of the agreement, shareholders of Volaris and Viva will combine their holding companies, with each group owning 50% of the new airline group on a fully diluted basis.
Viva shareholders will receive new