Exclusive: Mexican airlines Volaris and Viva Aerobus near merger agreement, sources say

Core Insights - Volaris and Viva Aerobus are nearing a merger agreement, which would unite two of Mexico's largest airlines and establish a significant low-cost airline in the region [1] Company Overview - The merger would create a low-cost champion in the Mexican airline industry, enhancing competitive positioning against larger carriers [1] Industry Implications - This consolidation reflects ongoing trends in the airline industry towards mergers and acquisitions, aimed at increasing efficiency and market share [1]