by Michael J. Shapiro | October 08, 2014
Ireland-based Irelandia Aviation and Mexico City-based Grupo IAMSA, which own the low-cost airlines VivaAerobus and VivaColombia in Mexico and Colombia, respectively, intend to expand to other Latin American countries. They are creating a multinational airline holding company, Grupo Viva, which will be based in Panama City, Panama. One of the founders of Ryanair, Declan Ryan, is a managing partner in Irelandia Aviation and will be a principal investor in the new enterprise. Irelandia Aviation partner and COO Tony Davis has been apointed CEO of Grupo Viva; he will be responsible for the creation of the new company's corporate structure and management. Joe Mohan, formerly the senior vice president of commercial flight at Panama's Copa Airlines, has been named president and COO of Grupo Viva and will lead the expansion of regional coverage. "We are convinced that there are tremendous opportunities for our ultra-low-cost airline model to expand in the region," said Declan Ryan. "With our existing airlines already well-established in Mexico and Colombia, together with our order last year for 52 new Airbus A320 aircraft, this is the right time to establish Grupo Viva."