Ryanair co-founder Declan Ryan to sell stake in airline
Ryanair co-founder Declan Ryan has reached a deal to sell his company Irelandia Aviation’s 49% stake in budget Mexican carrier VivaAerobus to majority stakeholder IAMSA in order to focus on expansion in central and South America. Ryan said the deal for IAMSA to take full control of the Mexican carrier was awaiting regulatory approval. He declined to discuss financial details, but a newspaper report in recent weeks suggested Irelandia would sell the stake for some $250m, five times its initial investment. VivaAerobus declined immediate comment. “We’ve been in Mexico 10 years, we adore the country,” said Ryan, who is managing partner of Irelandia. “But we think the new frontier is the whole of central and South America, and that’s what we’re concentrating on . . . to be frank, the Viva brand could be throughout South America.”<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-02/unaligned/ryanair-co-founder-declan-ryan-to-sell-stake-in-airline
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Ryanair co-founder Declan Ryan to sell stake in airline
Ryanair co-founder Declan Ryan has reached a deal to sell his company Irelandia Aviation’s 49% stake in budget Mexican carrier VivaAerobus to majority stakeholder IAMSA in order to focus on expansion in central and South America. Ryan said the deal for IAMSA to take full control of the Mexican carrier was awaiting regulatory approval. He declined to discuss financial details, but a newspaper report in recent weeks suggested Irelandia would sell the stake for some $250m, five times its initial investment. VivaAerobus declined immediate comment. “We’ve been in Mexico 10 years, we adore the country,” said Ryan, who is managing partner of Irelandia. “But we think the new frontier is the whole of central and South America, and that’s what we’re concentrating on . . . to be frank, the Viva brand could be throughout South America.”<br/>
