Interjet rumored to be in potential stake sale talks with United and JetBlue
Interjet, a Mexico-based airline, is rumored to be in talks with United and JetBlue regarding a possible stake sale, according to an unsourced business column in Excelsior.
The brief portion of the Spanish-language column addressing the Interjet stake sale rumor did not include any terms of the stake’s pricing or size.
Interjet CEO Jose Luis Garza was cited last year by this news service as saying the company would be more likely to resume IPO plans originally conceived for 2011 than to sell a stake to a private equity group. Company President Miguel Angel Magnini said in May 2014 that Interjet could consider selling a stake to a private equity fund before the IPO, according to a previous report by this news service.
Interjet’s 2011 plans to conduct an IPO on the Mexican Stock Exchange (BMV) called for listing a 20% stake aimed at generating USD 300m-USD 400m in proceeds, according to press reports. Interjet reportedly hired JP Morgan and Banorte-IXE to advise on the IPO.
Ryanair, the owner of Interjet local peer VivaAerobus, is rumored to have hired Barclays to advise on the sale of its 49% VivaAerobus stake, according to a unsourced business column published earlier this week. The unsourced Spanish-language column relayed the rumor that the sale has attracted the interest of private equity groups Nexxus and Advent.
Excelsior