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  • VivaAerobus IPO And ... #MROLatam
    Posted by Lee Ann Tegtmeier 4:02 PM on Jan 21, 2014

    Juan Carlos Zuazua, VivaAerobus' CEO, told Aviation Week's MRO Latin America attendees here in Rio de Janeiro that 80% of his airline's costs are direct operating costs, 14% are aircraft standing costs and 6% go to overhead.

    That 80% is pretty much fuel and maintenance, so yes, he's interested in lowering MRO expenses.

    One solution is to help develop MROs in Mexico. "It's like the chicken and egg," in that new MROs in Mexico need contracts to help them get certified, but MROs need certification to get customers. VivaAerobus can tell the local and state authorities the LCC will support the local MROs, which in turn, helps the MROs get permits. 

    Zuazua says "there are many business opportunities in our industry."

    AND, he revealed that VivaAerobus is planning an IPO!

    Tags: om99, tw99

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