BNY Mellon has been appointed by Mexican low-cost carrier Controladora Vuela Compania de Aviacion (Volaris) as depositary bank for its American Depositary Receipt programme in the first dual-listed initial public offering from Mexico this year. Each Volaris ADR represents 10 Certificados de Participacion Ordinaria and trades on the New York Stock Exchange. The company´s ordinary shares trade on the Mexican Stock Exchange as (MEX: VOLAR).

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