Volaris signs a new purchase order for 39 A321neo aircraft

Rhea-AI Summary

Volaris (NYSE: VLRS) announced a significant order for 39 A321neo aircraft from Airbus on November 15, 2021, aimed at bolstering its growth strategy for the second half of the decade. This acquisition is part of a broader agreement securing a total of 255 aircraft in collaboration with other airlines, including Wizz Air and Frontier. Additionally, Volaris will convert 20 aircraft from its existing order from A320neo to A321neo. This move supports Volaris's position as a leading ultra-low-cost carrier in Mexico and beyond.

Positive

• Secured purchase order for 39 A321neo aircraft enhances growth prospects.
• Part of a larger agreement for 255 aircraft with industry partners, indicating strong market positioning.
• Conversion of 20 A320neo to A321neo reflects strategic fleet optimization.

Negative

• None.

MEXICO CITY, Nov. 15, 2021 /PRNewswire/ -- Volaris (the "Company") (NYSE: VLRS) and (BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America, reports that it signed a new purchase order with Airbus for 39 A321neo aircraft, securing its growth in the second half of the decade.

This order is part of the agreement to purchase 255 aircraft carried out jointly by the airlines Wizz Air, Frontier, JetSMART, and Volaris, announced yesterday by Indigo Partners and Airbus.

In addition to the acquisition of these 39 aircraft, Volaris negotiated with Airbus 20 conversions from A320neo to A321neo aircraft of its current order.

About Volaris:

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 183 and its fleet from 4 to 98 aircraft. Volaris offers more than 450 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of the youngest fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central and South America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: www.volaris.com.

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SOURCE Controladora Vuela Compania de Aviacion, S.A.B. de C.V. - Volaris

FAQ

What did Volaris announce on November 15, 2021?

Volaris announced a purchase order for 39 A321neo aircraft from Airbus.

How many aircraft is Volaris acquiring in total with this order?

Volaris is part of an agreement to acquire a total of 255 aircraft.

What type of aircraft is Volaris converting from its existing order?

Volaris is converting 20 A320neo aircraft to A321neo.

What is the significance of the new aircraft order for Volaris?

The order secures Volaris's growth and strengthens its market position as an ultra-low-cost carrier.

Which airlines are involved in the broader agreement for aircraft purchase?

The agreement includes Wizz Air, Frontier, JetSMART, and Volaris.