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Tag: Irelandia

Ryanair Co-Founder Plans Third Latin Airline

  •  Low-cost Viva Air plans NYSE listing within two years
  •  Budget carriers are disrupting transport across Latin America
Rendering of an Airbus A320neo Viva Air aircraft Source: Airbus SE

Viva Air, the Latin American group of carriers owned by a founder of Ireland’s Ryanair Holdings Plc, has plans for a third airline in the region plus an initial public offering, to cash in on strong demand for discount air travel.

The company aims to sell shares in New York within two years, Viva’s biggest shareholder, Declan Ryan, said in an interview in Lima. The shares could also be listed on another exchange, such as Colombia’s, he said.

Click the link for the full story from Bloomberg!

https://www.bloomberg.com/news/articles/2019-05-10/ryanair-co-founder-plans-third-latin-airline-followed-by-an-ipo

Low-Cost Viva Air Looks To Expand In South America

BOGOTA, Nov 2 (Reuters) – Low-cost airline Viva Air, which operates in Colombia and Peru, is looking to expand its operations to a third country in 2020, its chief executive officer said late on Thursday.

The airline, owned by Irelandia Aviation LLC of Dublin , is spending $5.2 billion to buy 50 Airbus planes which it hopes will help make it the top low-cost carrier in Latin America, chief executive Felix Antelo said at an event in Bogota. It has already obtained seven of those planes.

“Our bases are Colombia and Peru. We’re looking at a third country that we can’t name. In 2019 consolidating Colombia and Peru will be the focus and from 2020 onward we could see a third country,” Antelo said.

Viva Air operates 32 routes in Colombia, Peru and to destinations including Miami with 19 planes and 800 employees.

It will have served 4 million passengers in Colombia and 900,000 in Peru by the end of the year, Antelo said, adding fares within Colombia can be as low as $10 including taxes.

Irelandia Aviation’s low-cost carriers – including Europe’s Ryanair, Asia’s Tiger Airways, Allegiant in the United States and Mexico’s VivaAerobus, have transported more than a billion people.

(Reporting by Luis Jaime Acosta Writing by Julia Symmes Cobb; Editing by David Gregorio)

Image from Airbus