Mexico’s top low-cost airlines, Viva and Volaris, announced that they have agreed to create a new Mexican airline group under a holding company structure, with the objective of expanding low-fare travel and connectivity within Mexico and abroad.
Under the agreement, approved by the Boards of Directors of both Volaris and Viva, the companies would continue operating under their existing brands and maintain their own operations.
Enrique Beltranena, Volaris’ President and CEO told investors, “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.”
Juan Carlos Zuazua, CEO of Viva stated, “We intend this transaction to enable both Viva and Volaris to provide ultra-low-cost fares and more point-to-point travel to even more cities across Mexico and internationally, benefiting not only passengers, but also local economies and communities.”
“Both airlines, which share a similar low-cost DNA and mindset, have always believed in the importance of making travel more accessible for everyone. Our passengers choose Viva and Volaris for their point-to-point networks, seamless customer service, and low fares, so maintaining our ultra-low-cost strategy is essential not only for sustaining growth, but also for deepening passenger loyalty. Together, we look forward to continuing to deliver more flights at low cost for our passengers.”
The deal is expected to close in 2026.
By CEO NA Editorial Staff
