Volaris (Mexico City) will become a publicly-owned company. The Mexican carrier has issued this statement:

Volaris has announced it has priced its initial public offering comprised of 61,992,540 Series A shares for the Mexican offering and 226,469,000 Ordinary Participation Certificates (CPOs) in the form on American Depositary Shares (ADSs) for the international offering at an initial offering price of Ps.15.51 per Series A share and U.S. $12.00 per ADS. Each ADS represents 10 CPOs and each CPO represents a financial interest in one Series A share of common stock of the Company. Shares are expected to begin trading on the Mexican Stock Exchange (BMV) and the New York Stock Exchange (NYSE), under the symbols “VOLAR” and “VLRS”, respectively.

Deutsche Bank Securities Inc., Morgan Stanley & Co. Incorporated and UBS Securities, LLC acted as international joint bookrunners; Santander Investment Securities Inc. and the before mentioned acted as joint local bookrunners. Santander, Evercore, Barclays Capital Inc., and Cowen and Company, LLC served as international co-managers; Evercore Casa de Bolsa, S.A. de C.V.and Barclays served as local co-managers.

Copyright Photo: Juan Carlos Guerra/AirlinersGallery.com. Airbus A319-133 XA-VOP (msn 4403) in the promotional Puebla livery departs from the Mexico City hub.

Volaris: