miller22 From United States of America, joined Nov 2000, 707 posts, RR: 5 Reply 1, posted (2 years 10 months 3 weeks 6 days 13 hours ago) and read 2737 times:
I'd be willing to bet Volaris will end up with a new owner one way or another. It'll either be Interjet (best bet for them) or it'll be TACA.
Mexicana757 From United States of America, joined Apr 2001, 2958 posts, RR: 30 Reply 2, posted (2 years 10 months 3 weeks 6 days 12 hours ago) and read 2676 times:
Quoting miller22 (Reply 1): I'd be willing to bet Volaris will end up with a new owner one way or another. It'll either be Interjet (best bet for them) or it'll be TACA.
Most likely it will be Interjet. TACA already owns 25% of Volaris the maximum a foreign owner is allowed to own of Mexican airline.
marcus From Mexico, joined Apr 2001, 1721 posts, RR: 2 Reply 3, posted (2 years 10 months 3 weeks 6 days 11 hours ago) and read 2601 times:
Quoting miller22 (Reply 1): I'd be willing to bet Volaris will end up with a new owner one way or another. It'll either be Interjet (best bet for them) or it'll be TACA.
Why is Volaris the most likely candidate for this and not Interjet?....is it because of their financial situation?
Kids!....we are going to the happiest place on earth...TIJUANA! signed: Krusty the Clown
AM744 From Mexico, joined Jun 2001, 1689 posts, RR: 0 Reply 4, posted (2 years 10 months 3 weeks 6 days 11 hours ago) and read 2576 times:
Quoting Mexicana757 (Reply 2): TACA already owns 25% of Volaris the maximum a foreign owner is allowed to own of Mexican airline.
Actually I think the threshold is 49%
Quoting marcus (Reply 3): Why is Volaris the most likely candidate for this and not Interjet?....is it because of their financial situation?
Interjet broke into lucrative MEX months before Volaris which was left out in the cold at TLC. Maybe that has to do with both companies' liquidity? I seem to have read that part of Volaris' ownership wanted to pull out from the airline business even though they have deep pockets, and perhaps they'd like to keep it that way .
miller22 From United States of America, joined Nov 2000, 707 posts, RR: 5 Reply 5, posted (2 years 10 months 3 weeks 6 days 9 hours ago) and read 2514 times:
Quoting marcus (Reply 3): Why is Volaris the most likely candidate for this and not Interjet?....is it because of their financial situation?
It's all comes down to family ownership in Mexico. Who has the owners with the deeper pockets? Interjet. Hence Interjet makes the offer.
EddieDude From Mexico, joined Nov 2003, 7177 posts, RR: 45 Reply 6, posted (2 years 10 months 3 weeks 6 days 8 hours ago) and read 2456 times:
Quoting marcus (Reply 3): Why is Volaris the most likely candidate for this and not Interjet?....is it because of their financial situation?
Quoting AM744 (Reply 4): Interjet broke into lucrative MEX months before Volaris which was left out in the cold at TLC. Maybe that has to do with both companies' liquidity? I seem to have read that part of Volaris' ownership wanted to pull out from the airline business even though they have deep pockets, and perhaps they'd like to keep it that way .
Volaris is the target because two of Volaris' Mexican shareholders want out. Aviation is not the core business of any of them and the relationship between them is not good at the moment. Hence, the desire to divest.
Some weeks ago there was a thread that discussed this issue. Essentially, Interjet offered to buy SINCA Inbursa and Televisa's shares but the other shareholders of Volaris have rights of first refusal. It looks like Protego/Discovery did not like the Interjet offer, even though it was financially very generous. What makes things complicated is that due to foreign investment restrictions, Discovery and the Kriete family cannot increase their ownership through the purchase of the Inbursa and Televisa stakes.
Yesterday, some columnist mentioned that Roberto Kriete's sister had obtained Mexican citizenship and an option was to have her acquire shares. Another option mentioned in the press was to ask the local authorities to treat Discovery as a Mexican investor due to the fact that a local government-owned bank was a major investor in the fund (can't be sure, but I think it was Nacional Financiera, S.N.C.).
Quoting AM744 (Reply 4): Actually I think the threshold is 49%
I thought the threshold was a 25% of full voting stock (no possibility of increasing it), with the possibility of airlines applying for a higher percentage of foreign investment through Series "N" or non-voting stock. I remember a colleague mentioned several years ago that the foreign investment authorities were willing to authorize up to 49% of foreign ownership on a fully diluted basis, so long as the foreign investors only controlled 25% of the votes.
Mexicana757 From United States of America, joined Apr 2001, 2958 posts, RR: 30 Reply 7, posted (2 years 10 months 3 weeks 6 days 8 hours ago) and read 2425 times:
Quoting miller22 (Reply 5):
It's all comes down to family ownership in Mexico. Who has the owners with the deeper pockets? Interjet. Hence Interjet makes the offer.
Volaris has the owners with deeper pockets, they have the world richest person owning 25%, Carlos Slim. And Televisa, the largest producer of Spanish language television.
ff22DXB From United Arab Emirates, joined May 2008, 76 posts, RR: 0 Reply 8, posted (2 years 10 months 3 weeks 6 days 8 hours ago) and read 2412 times:
Assuming Interjet takes over Volaris, what would you think will happen in terms of destinations? Will they keep MEX as their #1 hub or keep a mix between Toluca and MEX?? What would you think happen about internation destinations?
netjetsintl From United States of America, joined Jul 2009, 593 posts, RR: 0 Reply 9, posted (2 years 10 months 3 weeks 6 days 7 hours ago) and read 2380 times:
Quoting EddieDude (Reply 6): Volaris is the target because two of Volaris' Mexican shareholders want out. Aviation is not the core business of any of them and the relationship between them is not good at the moment. Hence, the desire to divest.
Yes sir, Volaris seems to be doing better than Interjet...Volaris should be stronger and larger than Interjet if things remain as they are, but as Eddie mentioned. Azcarraga and Slim (the richest man alive) want out, so Volaris is the target.. that's it and that's that...
As far as a "merger" I just don't see it. The Volaris name will survive depending on who buys it
DesertAir From Mexico, joined Jan 2006, 1389 posts, RR: 0 Reply 10, posted (2 years 10 months 3 weeks 6 days 2 hours ago) and read 2249 times:
Mexico seems large enough for five airlines: AM, MX, Volaris, Interjet and Viva Aerobus. All of these airlines seem to do a good business here in Tijuana, not only serving the 1.5 million people who live here but a lot of USA O and D. With the new Tijuana Airport extention being built in the USA side of, USA and Mexican citizens can cross directly into the airport form the USA side and avoid crossing at San Ysidro or Otay-Mesa. This should increase loads.
EddieDude From Mexico, joined Nov 2003, 7177 posts, RR: 45 Reply 11, posted (2 years 10 months 3 weeks 5 days 23 hours ago) and read 2171 times:
Quoting DesertAir (Reply 10): Mexico seems large enough for five airlines: AM, MX, Volaris, Interjet and Viva Aerobus.
Everybody forgets about Aeromar. I dunno if it is because business passengers-oriented or if it is because of their all-ATR 42s fleet, but people always forget Aeromar.
DesertAir From Mexico, joined Jan 2006, 1389 posts, RR: 0 Reply 13, posted (2 years 10 months 3 weeks 5 days 3 hours ago) and read 1944 times:
I checked out the information and the project is moving slowly and is being studied by the San Diego Regional Airport authority. It may have a start date in 2011. I recently read an article in the Frontera, a Tijuana newspaper that made it sound like the project was on its way. The next time I go to the airport in Tijuana I will check to see if there is any movement.
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