Spirit and Volaris

Tourism Minister Gloria Guevara has just returned from Miami, where, she announced, she met with with Ben Baldanza, CEO of Spirit. She reports that low-fare Sprit is interested in flying to Toluca, Campeche, Leon and Guadalajara and possibly other points in Mexico. Spirit now flies to Cancun.

Not mentioned in the announcement was the fact that Bill Franke, the major investor in Spirit, also controls Indigo Parners, which recently bought much of the Volaris Airlines stock sold by Carlos Slim and Emilio Azcárraga, two of the richest men in Mexico. What all this means is, for the moment, open to much speculation.

By Jimm Budd