JetSMART Cancels MOU To Acquire Ultra Air

The low-cost airline from Santiago, Chile, JetSMART, has canceled its Memorandum of Understanding (MOU) that would have led to the purchase of Ultra Air. Ultra Air is a separate low-cost airline that is headquartered in Antioquia, Colombia. Instead of purchasing Ultra Air, JetSMART will instead be looking to certify as an aircraft operator in Colombia. The initial intent JetSMART initially planned to purchase Ultra Air, which has been struggling financially recently, in order to establish routes… (www.msn.com) Más...