Volaris shareholders approve merger with Viva to form new airline group
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Background ✨
Viva and Volaris previously agreed to combine their holding companies via a merger of equals, with each shareholder group owning 50% on a fully diluted basis and the holding company remaining listed on the Bolsa Mexicana de Valores and NYSE, targeting closing in 20261. Mexico’s President Claudia Sheinbaum said the National Antitrust Commission would review the proposed group, while describing the investment and growth as positive for tourism and competition2. CAPA noted the tie-up could be transformative, citing Mexico’s passenger growth to nearly 120 million in 2024 and a combined fleet of more than 250 A320 Family aircraft as a lever to reduce ownership costs3.