Volaris Buying 8 A319s

Mexican low-airline Volaris will invest 560 million dollars in the purchase of eight new aircrafts Airbus A-319. With the acquisition, its fleet will more than double up to 14 planes.

The investment is included in its plan to triple its sales up to 300 million dollars, as well as multiply by three its clients up to 3 million people, covering 12 new routes to reach 14 Mexican cities this year.

If its plans for 2007 are concreted, the airline may be Mexico's second largest in terms of number of passengers in domestic flights.

Volaris is one of the three largest airlines in local flights' market. It began operations in March 2006 and serves seven routes from its headquarters in Toluca city. Its rates are 42% lower than its competitors.

It is owned equally by Mexicans Televisa and Sinca Inbursa, Panamanian Grupo Taca and the investment fund Discovery Americas I. © 2007 NoticiasFinancieras - NoticiasFinancieras - All rights reserved



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