Mexican billionaires invest in low-cost airline. (26-JUL-05) The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

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Mexican billionaires invest in low-cost airline.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

Publication Date: 26-JUL-05

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Byline: Brendan M. Case

Jul. 26--MEXICO CITY -- Two Mexican billionaires are preparing to shake up Mexico's clubby airline industry, but they plan to do it by pouring millions of dollars into an upstart low-cost airline instead of bidding for the nation's two legacy carriers.

Companies controlled by Carlos Slim Helu, Latin America's richest man, and Emilio Azcarraga, the head of media giant Grupo Televisa SA, said Monday that they would invest in Vuela...

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