MEXICAN ANTITRUST COMMISSION AUTHORIZES BUSINESS ALLIANCE AGREEMENT BETWEEN ALLEGIANT AND VIVA AEROBUS


The transnational alliance takes an important step by obtaining from Mexico regulatory approval; US Department of Transportation (DOT) approval still pending

LA VEGAS and MEXICO CITY, October 17, 2022 /PRNewswire/ — Allegiant (NASDAQ:ALGT) and Viva Aerobus announced today that the Federal Commission for Economic Competition (COFECE) has unconditionally cleared the commercial alliance agreement between the two airlines announced in December 2021. This alliance also includes a strategic stake by Allegiant in the Mexican airline.

This agreement, the first of its kind in the airline industry between two Ultra Low Cost Carriers (ULCCs), will aim to extend low cost service between Mexico and United States. Ultimately, this alliance will give the public access to safe and reliable air travel between the two countries, with a focus on serving destinations that do not currently offer nonstop service.

“The approval of COFECE is a step forward towards building an alliance that will strengthen a competitive environment with a broader offer between Mexico and the United States,” said Juan Carlos Zuazua, CEO of Viva Aerobus. “Working as a team, we will boost air travel and tourism while reaping the economic benefits associated with the travel industry.”

This fully integrated agreement will allow Allegiant and Viva Aerobus to have cross-functionality between their respective loyalty programs, codeshare, sales systems and route networks to operate flights with all the advantages and benefits of both companies. aerial. Thanks to this alliance, Allegiant, which currently serves Mexicowill be able to enter and grow rapidly in the market, while Viva will be able to increase its presence in several US markets.

“This approval is a critical next step toward achieving a historic and unique alliance between two low-cost carriers in the world’s most dynamic airline market,” said John Redmond, CEO of Allegiant. “Together, we will enable more people to fly and enjoy the unique culture, traditions and scenic destinations that both countries have to offer.”

The joint application seeking antitrust approval and immunity for the alliance is still pending approval by the US Department of Transportation (DOT).

sober
Long live
Aerobus

Viva Aerobus is from Mexico very low cost airline. It started its activities in 2006 and today operates the youngest fleet in Latin America with 65 Airbus: 40 Airbus A320 and 25 Airbus A321. With a clear vision of giving everyone the opportunity to fly, Viva Aerobus has democratized the airline industry with the lowest fares in Mexico and the lowest cost structure in America, making their flights the best value offering. For more information, please visit: www.vivaaerobus.com/fr

Media contact: Walfred CastroDirector of Corporate Communications, Viva Aerobus : [email protected] / Tarssis Dessavre, PRoa Structura Viva Aerobus account manager – [email protected].mx – Mobile. +52 1 55 2751 1709

About
Allegiant – Together We Fly™

VegasAllegiant (NASDAQ:ALGT) is an integrated travel agency with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has connected travelers from small and mid-sized cities to world-class vacation destinations with nonstop flights and some of the lowest average fares in the industry. Today, Allegiant’s all-Airbus fleet serves communities across the country, with base airfares less than half the cost of an average domestic round-trip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Media contact: Phone: 702-800-2020 / Email: [email protected]

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements contained in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management’s beliefs and assumptions and on information currently available to our management. All forward-looking statements are based on information available to us today, and we undertake no obligation to publicly update any forward-looking statements, whether as a result of future events, new information or otherwise.

SOURCEAllegiant Travel Company

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