Overview
- Shareholders of each airline will own 50% of a new holding company, with Viva investors receiving newly issued shares of the Volaris holding that will remain listed on the BMV and NYSE.
- Both carriers will preserve their brands, route networks, and Air Operator Certificates, with existing management teams staying in place under a holding led by Viva chairman Roberto Alcántara Rojas.
- The companies say the group aims to lower fleet ownership costs, improve access to capital, and expand point-to-point service across Mexico as well as to the United States, Central and South America, and the Caribbean.
- The transaction requires approvals in Mexico and other jurisdictions and is targeted to close in 2026, a process likely to draw scrutiny given recent U.S. DOT route rejections and competitive pressure from Aeromexico.
- Combined 2024 figures point to a large low-cost platform with fleets of 111 and 97 Airbus aircraft, 56.6 million passengers, more than 12,000 employees, and a post-announcement jump of over 20% in Volaris shares.