Cross-country alliance reaches main milestone in gaining Mexico’s regulatory approval; U.S. Department of Transportation (DOT) approval nonetheless in course of
LAS VEGAS and MEXICO CITY, Oct. 17, 2022 /PRNewswire/ — Allegiant (NASDAQ: ALGT) and Viva Aerobus right now introduced that the Federal Economic Competition Commission (COFECE) unconditionally approved the Commercial Alliance Agreement between each airways introduced in December 2021. This alliance additionally features a strategic fairness funding by Allegiant within the Mexican airline.
This settlement, a first-of-its-kind within the airline {industry} between two extremely low price carriers (ULCCs), will search to develop low-fare service between Mexico and the United States. Ultimately, this alliance will give the general public entry to protected and dependable air transport between each international locations with a give attention to serving locations that don’t presently supply nonstop service
“COFECE’s authorization is one step forward to forging an alliance that will strengthen a competitive environment with a larger offering between Mexico and the U.S.,” stated Juan Carlos Zuazua, CEO of Viva Aerobus. “Working as a team, we will boost air travel and tourism while reaping the economic benefits associated with the travel industry.”
This fully-integrated settlement will allow Allegiant and Viva Aerobus to have cross-functionality between their respective loyalty packages, codesharing, gross sales techniques and route networks to function flights along with all the advantages and benefits of each airways. Through this alliance, Allegiant, which presently doesn’t serve Mexico, will be capable to quickly enter and develop available in the market, whereas Viva will be capable to develop its presence in a number of U.S. markets.
“This approval is a critical next step to achieving a historic and unique alliance between two low-cost carriers in the world’s most dynamic airline market,” stated John Redmond, CEO of Allegiant. “Together, we will make it possible for more people to fly and enjoy the unique culture, traditions and scenic destinations both countries have to offer.”
The joint utility requesting approval and antitrust immunity for the alliance remains to be pending approval by the U.S. Department of Transportation (DOT).
Sobre
Viva
Aerobus
Viva Aerobus is Mexico’s ultra-low-cost airline. It began operations in 2006 and right now it operates the youngest Latin American fleet with 65 Airbus: 40 Airbus A320 and 25 Airbus A321. With a transparent imaginative and prescient to present all individuals the chance to fly, Viva Aerobus has democratized the airline {industry} with the bottom fares in Mexico and the bottom price construction in America, making their flights one of the best worth supply. For extra data please go to: www.vivaaerobus.com/en
Media contact: Walfred Castro, Corporate Communication Director, Viva Aerobus : [email protected] / Tarssis Dessavre, Account govt for Viva Aerobus of PRoa Structura – [email protected].mx – Mobile. +52 1 55 2751 1709
About
Allegiant – Together We Fly™
Las Vegas-based Allegiant (NASDAQ: ALGT) is an built-in journey firm with an airline at its coronary heart, centered on connecting clients with the individuals, locations and experiences that matter most. Since 1999, Allegiant Air has linked vacationers in small-to-medium cities to world-class trip locations with all-nonstop flights and industry-low common fares. Today, Allegiant’s all-Airbus fleet serves communities throughout the nation, with base airfares lower than half the price of the common home roundtrip ticket. For extra data, go to us at Allegiant.com. Media data, together with pictures, is on the market at http://gofly.us/iiFa303wrtF
Media contact: Phone: 702-800-2020 / Email: [email protected]
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SOURCE Allegiant Travel Company
