Fast Colombia S.A.S. will be launching the first low cost airline in Colombia VivaColombia. Owned by IRELANDIA, the investment fund of Declan Ryan with successful experience in Ryanair, Tiger Airways, Allegiant and VivaAerobus; GRUPO BOLIVAR, one of the leading Colombian financial groups; IAMSA, the largest land passenger transportation group in Mexico and GRUPO FAST, the promoters which include a group of experienced airline managers who have been with Avianca, Aces, Tampa and British Airways, among others.
On March 24, the future investors announced their agreement for the airline which should be initiating activities in the first quarter of 2012. Posse Herrera Ruiz has being involved with the project from the beginning.