Volaris announces the addition of eight additional A320 NEO aircraft in 2021
The ultra-low-cost airline that operates in Mexico, the United States and Central America will close the year with at least 98 aircraft in its fleet
Controladora Vuela Compañía de Aviación, SAB de CV (“Volaris” or the “Company”) (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline that operates in Mexico, the United States and Central America, announces today the incorporation of its fleet of eight A320 NEO aircraft in 2021, in addition to the three aircraft on its purchase order with Airbus, thus closing the year with at least 98 aircraft.
Volaris has been able to take advantage of the favorable conditions in the aircraft leasing market, as a result of which it is possible to carry out the incorporation of these aircraft with long-term leases. Our competitors have reduced capacity which has presented an unprecedented opportunity for Volaris to optimally add additional capacity.
As vaccination programs have gained momentum in our markets, confidence in air travel has accelerated, therefore, Volaris will add eight A320 NEO aircraft to its fleet in 2021 through direct operating leases, of which five will enter into operation this summer. This additional capacity will be deployed primarily to strengthen our leadership position in the Mexican market. The Company is evaluating future market opportunities to incorporate additional aircraft.
These fuel-efficient aircraft will enable Volaris to seize market opportunities in the second half of the year and further increase the percentage of A320 NEO family aircraft in its fleet. All of this aligned with the Company's sustainability strategy, to ensure the viability of the industry and the business in the future.