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
Ryanair Announces Record Winter 2026/27 Schedule for Morocco Featuring 5.3 Million Seats and New Rabat Base
Apollo Agrees to Buy easyJet for $7.7 Billion Following Castlelake’s Withdrawal
Drone Carrying Explosives Found Near Cargo Aircraft at German Airport; Unidentified Object Collides In-Flight With DHL Plane
Ryanair Hits Record 22.2 Million Passengers in July
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.