Ryanair-IAMSA To Launch AeroBus

Irish low-cost airline Ryanair, Europe’s largest such carrier, and Mexican bus operator IAMSA are linking up to launch a no-frills airline for Mexico in September. The new airline, called AeroBus, will fly to the main cities in Mexico and will also link to some destinations in the US. The Ryan family, which owns Ryanair, has set up Ryanmex which will hold a 49% stake in the new Mexican venture. The controlling share will be held by IAMSA. The Mexican market is undergoing a revolution with the arrival of several low-cost carriers. Last year Interjet, owned by the Alemán Group, and Avolar began operations. New arrivals include Click, backed by businessmen Carlos Slim and Emilio Azcárraga, which is due to launch in March and Brazilian GOL, slated to start flying in the first half of the year.