Volaris, legally Concesionaria Vuela Compañía de Aviación S.A.B. de C.V., is a Mexican low-cost airline based in Santa Fe, Álvaro Obregón, Mexico City with its hubs in Guadalajara, Mexico City, and Tijuana, and focus cities in Cancún, León, and Monterrey. It is the country's second largest airline after Aeroméxico and serves domestic and international destinations within the Americas. It is the leading airline in the Mexican domestic airline market, with a market share of over 28% of domestic traffic. The pre-operations phase (founding of the legal entities and setting up of the required infrastructure) started in August 2005 under the name Vuela Airlines. The idea for the airline was formed from the proposed "Vuelamex" project. Major initial shareholders of the company were Grupo Televisa (the world's biggest Spanish-language media conglomerate), Inbursa (an insurance company owned by multi-billionaire Carlos Slim), TACA Airlines and the Discovery Americas Fund. Each of these partners invested 25% of the initial cost of activities, or 100 million USD. In July 2010, it was announced that Televisa and Inbursa had sold their stake in Volaris leaving the ownership of Volaris as follows: TACA Airlines with Roberto and Maria Cristina Kriete (50%), Investment fund Discovery Americas (over 25%) and Indigo Partners: Fund led by former America West CEO Bill Franke. More information...
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