Ryanair Co-Founder Plans Third Latin Airline Followed by an IPO
- Low-cost Viva Air plans NYSE listing within two years
- Budget carriers are disrupting transport across Latin America
Rendering of an Airbus A320neo Viva Air aircraft
Source: Airbus SE
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Viva Air, the Latin American group of carriers owned by a founder of Ireland’s Ryanair Holdings Plc, has plans for a third airline in the region plus an initial public offering, to cash in on strong demand for discount air travel.
The company aims to sell shares in New York within two years, Viva’s biggest shareholder, Declan Ryan, said in an interview in Lima. The shares could also be listed on another exchange, such as Colombia’s, he said.