AAirlines

Mexican budget carrier Viva Aerobus is said to plan U.S. IPO.

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Budget airline Grupo Viva Aerobus is planning a U.S. initial public offering as soon as this year, according to people with knowledge of the matter.

The Mexico City-based carrier is working with Barclays Plc, Goldman Sachs Group Inc. and JPMorgan Chase & Co. on a listing, the people said, asking not to be identified discussing private information, according to Bloomberg.

See also: Viva Aerobus reaches record passenger numbers in May.

Representatives for Viva Aerobus, Barclays and Goldman Sachs declined to comment. A spokesperson for JPMorgan didn’t immediately respond to a request for comment.

With coronavirus vaccines continuing to be rolled out globally, the resumption of travel has boosted airline stocks.

Viva Aerobus is now Mexico’s third-largest airline by passengers, according to May travel data, the latest available. In the domestic market alone, Viva Aerobus has surpassed legacy carrier Grupo Aeromexico, which is dealing with a Chapter 11 filing.

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