Latest news with #EnriqueBeltranena


Reuters
22-07-2025
- Business
- Reuters
Solution to US-Mexico aviation dispute seen in coming days
MEXICO CITY, July 22 (Reuters) - Mexican airline Volaris believes a resolution to a dispute between the U.S. and Mexico on aviation could arrive in the coming days, the carrier's CEO said on Tuesday. On Saturday, the U.S. Department of Transportation rolled out orders requiring Mexican airlines submit their flight schedules and threatening to reject requests if the Mexican government did not address U.S. concerns over flight changes in Mexico City. Under the previous government, Mexico moved cargo flights from the main capital airport to a newer, farther-away site while also cutting passenger flight slots. "We feel tremendously confident that the solution is going to be here in the next few days," Volaris CEO Enrique Beltranena told analysts in the firm's second-quarter results call. The executive added that he remained "confident that both governments will reach a logical and mutually beneficial agreement." President Claudia Sheinbaum, in her daily morning press conference on Tuesday said that the Mexico and U.S. would kick off talks on the issue and that some compromises could be made. "(The U.S.) is making a set of particular requests, we're analyzing them to see whether they can be addressed or whether an alternative can be proposed." However, she cautioned that the new airport where flights were moved - the Felipe Angeles International Airport (AIFA) - was also a solution itself. Sheinbaum's mentor, former President Andres Manuel Lopez Obrador, overhauled the capital airspace during his term, arguing that the main airport was oversaturated and that the AIFA, which he had built, would alleviate the pressure.


Business Wire
24-06-2025
- Business
- Business Wire
CDB Aviation Delivers Three A320neo Aircraft to Volaris
BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ('CDB Leasing'), announced today the delivery of three Airbus A320neo aircraft to its long-standing customer, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris'). Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes. Share 'We appreciate the strong partnership and collaboration with the Volaris team that resulted in the expedited transition process involved in the execution of these three aircraft transactions,' commented Jie Chen, CDB Aviation's Chief Executive Officer. 'We will continue to work with quality airline customers like Volaris to provide them with customized fleet lease solutions that enable their businesses to compete and grow successfully in today's dynamic market environment.' 'For Volaris, the delivery of these three aircraft from CDB Aviation represents a significant milestone, as it reinforces our operational and growth strategy across key markets. This fleet expansion will further enhance connectivity on our routes in Mexico, the United States, and Central and South Americas, in line with our commitment to offering greater value and convenience to our customers,' said Enrique Beltranena, Volaris' Chief Executive Officer. 'Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes,' added Luís da Silva, CDB Aviation's Head of Commercial, Americas. Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'may,' 'will,' 'seek,' 'continue,' 'aim,' 'anticipate,' 'target,' 'projected,' 'expect,' 'estimate,' 'intend,' 'plan,' 'goal,' 'believe,' 'achieve' or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris' or 'the Company') (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to 222 and its flights from 4 to 147 aircraft. Volaris offers 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for 15 consecutive years. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ('CDB Leasing') a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).
Yahoo
24-06-2025
- Business
- Yahoo
CDB Aviation Delivers Three A320neo Aircraft to Volaris
Expeditious Transition Enables Airline to Deploy Aircraft to Maximize Peak Summer Travel Season MEXICO CITY, June 24, 2025--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ("CDB Leasing"), announced today the delivery of three Airbus A320neo aircraft to its long-standing customer, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris"). "We appreciate the strong partnership and collaboration with the Volaris team that resulted in the expedited transition process involved in the execution of these three aircraft transactions," commented Jie Chen, CDB Aviation's Chief Executive Officer. "We will continue to work with quality airline customers like Volaris to provide them with customized fleet lease solutions that enable their businesses to compete and grow successfully in today's dynamic market environment." "For Volaris, the delivery of these three aircraft from CDB Aviation represents a significant milestone, as it reinforces our operational and growth strategy across key markets. This fleet expansion will further enhance connectivity on our routes in Mexico, the United States, and Central and South Americas, in line with our commitment to offering greater value and convenience to our customers," said Enrique Beltranena, Volaris' Chief Executive Officer. "Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes," added Luís da Silva, CDB Aviation's Head of Commercial, Americas. Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or "the Company") (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to 222 and its flights from 4 to 147 aircraft. Volaris offers 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for 15 consecutive years. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). View source version on Contacts Media contact: Paul +1 612 594 9844


Business Insider
05-06-2025
- Business
- Business Insider
Volaris reports May load factor of 82%
Controladora Vuela Compania de Aviacion reports its May 2025 preliminary traffic results. In May, Volaris (VLRS)' ASM capacity increased by 9.0% year-over-year, while RPMs for the month grew by 3.5%. Mexican domestic RPMs increased 5.7%, while international RPMs were effectively flat. As a result, the load factor decreased by 4.3 percentage points year-over-year to 81.8%. During the month, Volaris transported 2.5 million passengers. Enrique Beltranena, Volaris' President and CEO, said: 'May's capacity growth aligns with the adjustments outlined during our earnings call, allowing us to better match customer demand. Tactically, our commercial team has focused its efforts to maximize unit revenue performance by prioritizing close-in fares over load factors. As we move through the second quarter, we remain aligned with our guidance for the quarter and are seeing encouraging booking trends heading into the summer high season.' Confident Investing Starts Here:


Business Upturn
05-06-2025
- Business
- Business Upturn
Volaris Reports May 2025 Traffic Results: Load Factor of 82%
By GlobeNewswire Published on June 5, 2025, 03:45 IST MEXICO CITY, June 04, 2025 (GLOBE NEWSWIRE) — Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) ('Volaris' or 'the Company'), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its May 2025 preliminary traffic results. In May, Volaris' ASM capacity increased by 9.0% year-over-year, while RPMs for the month grew by 3.5%. Mexican domestic RPMs increased 5.7%, while international RPMs were effectively flat. As a result, the load factor decreased by 4.3 percentage points year-over-year to 81.8%. During the month, Volaris transported 2.5 million passengers. Enrique Beltranena, Volaris' President and CEO, said: 'May's capacity growth aligns with the adjustments outlined during our earnings call, allowing us to better match customer demand. Tactically, our commercial team has focused its efforts to maximize unit revenue performance by prioritizing close-in fares over load factors. As we move through the second quarter, we remain aligned with our guidance for the quarter and are seeing encouraging booking trends heading into the summer high season.' May 2025 May 2024 Variance YTD May 2025 YTD May 2024 Variance RPMs (million, scheduled & charter) Domestic 1,553 1,469 5.7% 7,685 7,211 6.6% International 889 890 -0.2% 4,747 4,538 4.6% Total 2,442 2,360 3.5% 12,432 11,749 5.8% ASMs (million, scheduled & charter) Domestic 1,795 1,626 10.4% 8,739 7,962 9.8% International 1,190 1,114 6.8% 6,079 5,642 7.7% Total 2,985 2,739 9.0% 14,818 13,604 8.9% Load Factor (%, RPMs/ASMs) Domestic 86.5% 90.4% (3.8) pp 87.9% 90.6% (2.6) pp International 74.7% 79.9% (5.2) pp 78.1% 80.4% (2.3) pp Total 81.8% 86.1% (4.3) pp 83.9% 86.4% (2.5) pp Passengers (thousand, scheduled & charter) Domestic 1,894 1,797 5.4% 9,269 8,498 9.1% International 608 603 0.8% 3,267 3,104 5.2% Total 2,502 2,400 4.2% 12,536 11,602 8.0% The information included in this report has not been audited and does not provide information on the Company's future performance. Volaris' future performance depends on several factors. It cannot be inferred that any period's performance or its comparison year-over-year will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations Contact Ricardo Martínez / [email protected] Media Contact Israel Álvarez / [email protected] About Volaris *Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris' or 'the Company') (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 229 and its fleet from 4 to 147 aircraft. Volaris offers around 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.