JetSmart cancels letter of understanding to purchase Ultra Air
JetSmart announced Wednesday that it cancelled the letter of understanding signed on March 16 for the acquisition of Ultra Air.
JetSmart said it decided to cancel the letter of understanding, terminate the process and cancel the purchase of Ultra Air after “the analysis stage of this type of negotiations”.
→ JetSMART Peru requested authorization to operate 12 routes to Colombia
“We have moved forward in the process and we believe, due to various factors, it is not possible to continue with the intent to purchase Ultra Air and we have cancelled the letter of understanding and terminated the process,” said JetSmart president and CEO Estuardo Ortiz.
Related Topics
Airbus and Lufthansa Group Celebrate 50 Years of Strategic Alliance with New Agreements
Volotea Eliminates Its Fuel Surcharge Policy
easyJet Takes Delivery of its 100th Airbus A320neo Family Aircraft
Air France-KLM Leaves Door Open to a Potential Investment in EasyJet
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.