Volaris commenced operations in Mar-2006, backed by managers of the Discovery Americas I and Columbia Equity Partners funds, in partnership with TACA Airlines (now part of Avianca). Volaris is a self-described ‘ultra low-cost carrier' that operates services throughout Mexico and the US. The carrier primarily targets visiting friends and relatives, or VFR traffic as well as cost-conscious business and leisure travellers. Volaris is based at Mexico City Toluca Airport. The carrier made its Initial Public Offering in Sept-2013, dual listing on the NYSE (VLRS) and Mexico’s BMV (VOLAR). Volaris operates a fleet of Airbus A320 family aircraft.
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