Mexico’s Viva Aerobus files for IPO

Low-cost airline Viva Aerobus filed for an initial public offering on Mexico’s stock exchange Thursday. It has mandated Barclays as global coordinator, with Banorte-Ixe and HSBC local bookrunners. The transaction includes a secondary share sale by Mexican transport conglomerate IAMSA and three private investment vehicles controlled by airline investor Irelandia Aviation. The primary portion will go towards upgrading the fleet, paying debt and building working capital. The firm reported revenues of $217m in the first 9 months of 2013.