“Low-cost airline Viva Air, which operates in Colombia and Peru, said on Thursday it is has received a $50 million investment from U.S. capital fund the Cartesian Capital Group, which it will direct toward expansion plans.
The airline, owned by Irelandia Aviation LLC of Dublin, said last year it is spending $5.2 billion to buy 50 Airbus planes which it hopes will help make it the top low-cost carrier in Latin America. It also announced plans to expand to a third country in 2020.”
Viva Air, the Latin America low cost carrier group owned by Irelandia Aviation, signed a Memorandum of Understanding (MoU) with Airbus for 50 A320 Family aircraft, comprising 35 A320neo and 15 A320ceo. The agreement paves the way for the group’s airlines VivaColombia and Viva Air Peru to base its fleet renewal and network growth on the A320 Family.
Viva Air recently launched Viva Air Peru, the sister airline of VivaColombia. Medellin-based VivaColombia operates nine A320 aircraft and Lima-based Viva Air Peru currently operates two, all with a capacity of 180 seats.
Viva Air Peru Route Map:
Viva Air is a Panamanian headquartered group created by Irelandia Aviation and led by Declan Ryan. Irelandia has successfully developed six low cost carriers around the world, namely Allegiant, Ryanair, Tigerair, VivaAerobus, VivaColombia and most recently Viva Air Peru. Combined, the airlines have a fleet of more than 420 aircraft and have carried over a billion passengers.
Copyright Photo: VivaColombia (VivaColombia.com) Airbus A320-214 HK-4817 (msn 1725) MIA (Tony Storck). Image: 930978.