Ultra Air and JetSmart acordaron téterms of purchase and be givená Home to the Due Diligence process, to reach a final agreement, éste será sometido a las aprobaciones gubernamentales respectivas.
Afterés de añabout de operationón with éxito en el mercado colombiano, Ultra Air and JetSmart Airlines have had the opportunity to evaluate the opportunity to acquire the 100% de las acciones de la compañía Ultra Air. De este modo los representantes de las compañías han firmado este jueves 16 March a letter of understanding, with which a process of Due Diligence, what to allowá a JetSmart conocer la información técnica y financiera que demanda este tipo de negociaciones. Se espera poder completar este proceso en los siguientes 30 días.
JetSmart wants to buy Ultra Air
As stipulated by the parties in the letter of understanding, after Due Diligence, and in case of confirming a final agreement, Ultra Air y JetSMART Airlines, procederán con el sometimiento de dicho acuerdo de compra, in the reviewón and approvalón of the authorities, as established by the rules for this type of transaction.
For his part, the President and CEO of Ultra Air, William Shaw, I stand outó:
”Para nosotros en Ultra Air es muy satisfactorio registrar el interés de compra de una aerolínea como JetSMART, whose trajectory of development and growth denotes seriousness and reliability. En tanto avanzamos en esta etapa de exploración y negociación, los viajeros colombianos podrán seguir disfrutando de nuestro servicio amigable de manera confiable y a ultra bajo costo”.
During the process of Due Dilligence, Ultra Air Continueá operando bajo los parámetros administrativos, operacionales y financieros de la actual administración, without JetSMART having any responsibility or interference over the management.ón, operationón, Ultra Air's services and/or finances.
Within the framework of this announcement, it is important to highlight that, in case of purchase, the same will haveíto a positive impact towards the consolidationón of free competition in the marketéreo, since the companyñías mentionedón do not have matching routes. While Ultra Air Eastá concentrated on routes within the countryís, at the moment JetSMART only operates to capital cities of the countryís from international destinations.
“The possible purchase of Ultra Air will enhance itá to offer más routes, affordable prices and más options to all passengers”, added Stuart Ortiz.
And I addedón, to take place the transactionón, will be guaranteedíto a competitionás fromámica on the marketéreo de Colombia, whose rearrangement demands travel options with más lows for all Colombians, what to giveífrom an increase in connectivity with the consequent potentializationón of tourism, which is one of the main objectives in the ábusiness field of the countryís.
