De meksikanske lavprisflyselskapene Viva og Volaris skal slå sammen eierskapet, og få et felles holdingselskap, men fortsette å operere under egne brands.
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MEXICO CITY/NEW YORK, Dec 18 (Reuters) - Mexico's two busiest airlines, Volaris (VOLARA.MX), opens new tab and Viva, said on Thursday they have agreed to merge, creating a new low-cost airline group that would become the country's largest domestic carrier.
The carriers will continue operating under their existing brands, preserving independent commercial operations while combining ownership at the holding-company level, the companies said in a joint statement, confirming an earlier Reuters exclusive saying a deal was near.
Exclusive: Mexican airlines Volaris and Viva Aerobus strike merger agreement
Mexico's two busiest airlines, Volaris and Viva, said on Thursday they have agreed to merge, creating a new low-cost airline group that would become the country's largest domestic carrier.
Grupo Viva and Volaris have formalized a strategic agreement to merge their holding companies, giving rise to the new Mexican Airline Group. This transaction, designed as a merger of equals, will grant shareholders of both companies a 50% stake in the resulting entity. Viva shareholders will receive newly issued shares of the Volaris holding company, which will maintain its public listing on the Mexican Stock Exchange (BMV) and the New York Stock Exchange (NYSE).
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