The South African market mess; Second time around for VivaAerobus IPO

The markets might be yo-yoing at this time but even so VivaAerobus is drawing-up plans for a second IPO attempt in early 2017 following the pulled plans two years ago. In 2014 the IPO plan was to raise some 3bn pesos to pay for new aircraft and reduce debt with just over 20% of the stake held by the existing investors being sold off, but the timing was unlucky being as it was just as Eurozone default worries were filtering through the markets. But with 23 A320s with 40 A320Neos on order the airline must raise cash to ensure a