Irelandia Aviation expands into Peru with launch of Viva Air

Move comes in same week group confirmed deal to sell 49% stake in Viva Aerobus

Irelandia Aviation, which already operates in a number of countries in central and South America, is to establish a new airline in Peru

Irelandia Aviation, which already operates in a number of countries in central and South America, is to establish a new airline in Peru

 

Irelandia Aviation, the low-cost carrier group led by Declan Ryan, son of Ryanair founder Tony Ryan, is to expand operations in South America with the launch of a new airline in Peru.

Viva Air will begin in the first half of 2017, with Airbus A320 aircraft flying several routes including Lima, Cusco, Arequipa, Iquitos, Piura, Tarapoto, Trujillo and Chiclayo.

The move comes in the same week that Irelandia Aviation announced a deal to sell its 49 per cent stake in budget Mexican carrier Viva Aerobus to majority stakeholder IAMSA in order to further focus on expansion in central and South America.

Irelandia’s stake in the carrier is estimated to be worth about $250 million (€226 million), five times its initial investment value.

The group, which is based in Ireland, has a successful track record of investing in low-cost carriers that include Allegiant, Tigerair, Viva Aerobus and Viva Colombia.

“Peru has a rapidly growing economy that is highly suited to our low cost model,” said John Goode, senior partner at Irelandia.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.