GlobeNewswire·Dec 18, 2025, 10:42 PM ET

Volaris and Viva Announce the Formation of a New Mexican Airline Group to Accelerate the Growth of Air Travel and Connectivity in Mexico

Volaris & Grupo Viva Aerobus (Viva) agreed to form a new Mexican airline group under a holding company structure to expand low-fare travel & connectivity.
Both carriers will retain their independent operating certificates, unique brands, & current operations to preserve passenger choice.
The merger of equals will result in a 50/50 ownership split between Volaris & Viva shareholders upon closing.
The transaction aims to realize economies of scale, lower fleet ownership costs, & improve access to capital for a stronger financial profile.
Expected benefits include democratizing air travel, creating new jobs, & boosting tourism & economic development across Mexico.
Passengers will benefit from expanded point-to-point options, potential codeshare agreements, & enhanced frequent flyer program collaboration.
The new airline group will be chaired by Roberto Alcántara Rojas, with leadership from both Volaris & Viva remaining in place.
Regulatory approvals & shareholder votes in Mexico & other jurisdictions are required before the transaction closes.
The deal is expected to close in 2026, with the holding company shares listed on the NYSE & BMV.
A joint investor conference call is scheduled for December 19, 2025, at 10:00 a.m. ET to discuss the announcement.