Viva Air Group has released that it archived an important milestone in its further growth and expansion plans through an equity investment of US$ 50 million from Cartesian Capital Group into Viva Air. This innovative financing arrangement will support Viva’s pending deliveries of Airbus A320 aircraft and the Group’s continued growth in Colombia, Peru and beyond.
Cartesian Capital Group, a global private equity firm, has sponsored the development of dozens of transnational companies, including airlines such as Gol in Brazil and Flybondi in Argentina. Irelandia Aviation will remain majority shareholder after the investment.
Viva Air is based in Colombia and Peru and operates national and international flights in more than 21 destinations. In 2019 the airline will carry 7.5 million passengers. Viva Air has a strong expansion plan supported by the order of 50 new aircraft Airbus A320 CEO and NEO.
