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
IAG Posts Record €3.342 Billion Profit for 2025
Condor to Move Operations to Frankfurt Airport’s New Terminal 3 in 2027
TAP Air Portugal Announces Ambitious 2026 Expansion Plan: New Orlando Route, Intermediate Cabin, and Brazil Reinforcement
Volotea Resumes Its Menorca-Verona Route Starting in August
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.