MEXICO CITY Dec 8 Mexico's Grupo IAMSA said on
Thursday it has become the sole shareholder of Mexican low-cost
airline VivaAerobus after it bought out Irelandia Aviation's
stake for an undisclosed amount.
As part of the deal, Irelandia Aviation's Declan Ryan and
two other executives will step down from VivaAerobus' board,
IAMSA said in a statement.
IAMSA did not disclose the size of the stake it bought, nor
how much it already owned.
IAMSA, a Mexican bus operator, founded VivaAerobus with
Irelandia, the investment of arm of the Ryan family behind
Ryanair, in 2006. VivaAerobus runs 22 Airbus 320 planes
and covers 63 routes in Mexico and three more in the United
(Reporting by Lizbeth Diaz; Editing by Leslie Adler)