Mexican low-cost carrier Interjet will likely file for an initial public offering in mid-2014.
The carrier had planned an IPO in 2011, but the proposed listing was delayed due to market conditions. Earlier this month, however, another Mexican low-cost carrier, Volaris, filed for an IPO in a development which Interjet chief executive Jose Luis Garza welcomes. "If they succeed, there will be more opportunities for us," says Garza, "We certainly believe that our company will be much more attractive to the capital market."
Interjet has made a net profit every year since 2009, says Garza. The carrier began operations in 2005.
Garza believes mid-2014 will be a suitable time for the airline to file for an IPO, on the grounds that the carrier will have a substantial operating history by then.
The Volaris IPO is intended to raise up to $100 million. Having launched in 2006, Volaris is now the second-placed carrier in Mexico's domestic market, after Aeroméxico.