Concesionaria Vuela Compañía de Aviación, S.A. de C.V., operating as Volaris, is a low-cost airline from Mexico, and the country's second largest airline after Aeroméxico, thus being a leading competitor in the Mexican domestic market, with a market share of around 13-14% of domestic traffic.
The pre-operations phase (founding of the legal entities and setting up of the required infrastructure) started in August 2005 under the name Vuela Airlines. Major initial shareholders of the company were Grupo Televisa (the world's biggest Spanish language media conglomerate), Inbursa (an insurance company owned by billionaire Carlos Slim), TACA and the Discovery Americas Fund. Each of these partners invested 25% of the initial cost of activities, or 100 million USD. On July 2010, it was announced that Televisa and Inbursa had sold its stake in Volaris leaving the ownership of Volaris as follows: TACA with Roberto and Maria... Read More