Volaris and Viva to form a Mexican airline group.

Volaris and Viva, two ultra-low-cost carriers, agreed to form a Mexican airline group. Financial terms were not disclosed. “We expect the formation of the new airline group will allow us to realize significant growth opportunities for air travel in Mexico, in line with the low fare and point-to-point approach that revolutionized the industry over the last two decades. The economies of scale and expanded distribution capacity will allow us to compete even more effectively in domestic and international markets by lowering fleet ownership costs. This way, we will be able to offer ultra-low-cost fares to even more passengers as we pursue sustainable growth, benefit from a more efficient fleet, and lower costs,” Enrique Beltranena, Volaris President and CEO.