Volaris will increase its capital by 163 million dollars.

The extraordinary meeting of shareholders of Mexico’s Volaris has decided to make a capital increase of 3.5 billion pesos (about $163 million dollars) to strengthen the company’s capital position and take advantage of the search for potential growth opportunities, the airline said in a statement, EuropaPress review.

See also: Volaris delays the restart of its operations in Central America until December.

The Mexican airline has obtained shareholder approval for the issuance of new shares to increase capital, the total sale of these or the issuance of convertible debt obligations in Mexico, the United States or other countries.

See also: Aeroméxico will reactivate in October flights to several countries in Central and South America.

The company’s objective is to obtain the most profitable financing structure that will serve to strengthen the balance sheet and reaffirm its long-term commitment to workers and shareholders.

Volaris is focused on taking advantage of growth opportunities in new and current destinations and sees the coronavirus crisis as an opportunity to grow faster and strengthen its competitive position.

Photo: Alan Wilson/Wikimedia

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