Volaris and Viva to form new Mexican airline group through holding structure

Volaris and Viva Aerobus announced plans to create a new Mexican airline group by combining operations under a single holding structure. The companies disclosed the agreement on December 19 in Mexico.

Both airlines stated that, despite the merger, they will continue to operate independently and maintain their distinct brands. Volaris and Viva expect the group structure to lower passenger costs and improve connectivity across Mexico.

The transaction is expected to deliver benefits for employees, passengers, communities, suppliers, and shareholders of both airlines. The merger aims to reduce fleet ownership costs, enhance access to capital, and strengthen the combined group’s financial position.

Each new aircraft introduced as part of the group is projected to create 55 to 60 jobs, though the transaction remains subject to regulatory clearance in Mexico and other relevant jurisdictions, with closing targeted for 2026.

Viva Aerobus was established in 2006 by Irelandia Aviation and Mexican bus operator IAMSA, initially operating Boeing 737-300s before expanding its network and transitioning to an all-Airbus fleet. Volaris, founded in 2005, is principally owned by TACA Airlines (50%), Discovery Americas (over 25%), and Indigo Partners.

“We expect the formation of the new airline group will allow us to realize significant growth opportunities for air travel in Mexico, in line with the low fare and point-to-point approach that revolutionized the industry over the last two decades,” said Enrique Beltranena, President and CEO of Volaris.

“We intend this transaction to enable both Viva and Volaris to provide ultra-low-cost fares and more point-to-point travel to even more cities across Mexico and internationally, benefiting not only passengers, but also local economies and communities,” said Juan Carlos Zuazua, CEO of Viva.

As of early 2025, Viva Aerobus operates 123 Airbus aircraft—79 A320s (including 31 A320neo) and 44 A321s (34 A321neo). Volaris has a fleet of 157 Airbus jets, with 109 A320s (58 A320neo) and 48 A321s (38 A321neo).

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