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A Viva Air Airbus A320 (Photo: Primx28 [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons)

U.S. Fund Makes Major Investment in Latin America’s Viva Air

U.S. investment firm Cartesian Capital Group has injected $50 million into Latin American low-cost carrier Viva Air, a subsidiary of low-cost developer Irelandia with bases in Colombia and Peru. The investment will help Irelandia's Latin American venture finance its fierce regional expansion plans, including setting up a base in a third country by 2020, as first reported by Reuters. Viva Air CEO Felix Antelo announced this milestone for the Latin American low-cost operator, saying to Reuters, “The fact that a…