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...
Lori Ranson

Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation.

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