JetSMART Aims To Buy Colombian Startup Ultra Air

Ultra Air
Credit: Markus Mainka / Alamy Stock Photo
South American airline group JetSMART has taken the first steps to potentially acquire Colombian ULCC Ultra Air as carriers work to stake claims in a quickly changing market in Colombia. JetSMART said it signed a letter of intent on March 16 to begin the due diligence process to acquire Ultra Air...

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