Volaris, one of Mexico’s new, low-fare airlines, is working with Morgan Stanley to arrange an initial public offering expected to raise $350 million. The funds would be used for the purchase of jets ordered from Airbus. This year, Volaris expects to become a billion-dollar company, carrying 10 million passengers (compared to 7.8 million in 2012). Overall, airlines in Mexico plan to invest $20 billion in the purchase of 250 jets during the next few years. Aeroméxico is looking at acquiring 100 Boeing aircraft and Interjet 40 planes.
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Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers
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