Televisa, Inbursa form Partnership

Televisa signed an agreement with Grupo Financiero Inbursa, controlled by Mexican tycoon Carlos Slim, to take a 25 percent stake in a new low-cost airline called Vuela Compania de Aviacion. Other partners in the venture include Discovery Americas and TACA airlines. Vuela plans to begin flights in the first half of 2006, joining three other low-cost airlines that plan to start flying in Mexico next year.