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MAYAir is a regional airline based in Cancún, Mexico and it's main base is Cancún International Airport.
This airline currently connects the major Mexican Southeast destinations: Cancun, Cozumel, Merida, Veracruz and Villahermosa. MAYAir features daily flights between Mérida and Cancun, and also between Mérida and Villahermosa, Tabasco.
Operating in January 2015 with a single Fokker 50 aircraft plus Dornier 228's and Cessna Caravan 228's, MAYair uses the fleet to connect the southeast of Mexico with flights to Cancun, Cozumel, Merida, Villahermosa and Veracruz.
Founded in 1994, the first years of MAYAir were as a Charter Flight Company, becoming in the regional feeder airline for the Cancun-Cozumel shuttle with 6 daily round flights in comfortable 19-passenger Dornier 228 aircrafts by February 2009.
This new stage for MAYAir started as a joint venture with Lomas Travel Group, a Destination Management Company interested in providing the best experiences to visitors of Cancun and Riviera Maya since 1981.
Today MAYAir counts with a successful history in regional airlines operation, a safety system in line SSL (Secure Socket Layer), and an advanced licensed key program, with 100% safe transactions, with absolutely zero accidents in 22 years of operation.
MAYAir’s policy on luggage weight allowance is 44 pounds per person, $3 USD plus tax for every extra pound.
Carry-ons are accepted onboard, one piece per person, as long as it does not exceed the following dimensions: tall 14.5 in (37 cm), wide 10.6 in (27 cm), long 17.7 in (45 cm) and its weight shall not exceed 11 pounds (5 kilos).
26th January 2018
MayAir agrees 120p per share cash takeover offer from Poly Glorious Investment Company
The offer price represents a premium of approximately 25% to MayAir’s closing price on Thursday of 96p, and a 44.6% premium to the 83p closing price on 16 November 2017, the last business day prior to Poly Glorious' approach.
MayAir PLC has agreed to a 120p per share cash takeover offer from Poly Glorious Investment Company Limited which values the air filtration equipment and clean air solutions group at £50.35mln.
Poly Glorious is a subsidiary of T&U Investment, a private limited company incorporated in the British Virgin Islands, which is owned by Jiang Li.
The offer price represents a premium of approximately 25% to MayAir’s closing price on Thursday of 96p, and a 44.6% premium to the 83p closing price on 16 November 2017, the last business day prior to Poly Glorious' approach to the MayAir directors regarding the acquisition.
MayAir’s independent directors have unanimously agreed to recommend that shareholders vote in favour of the deal.
Commenting on the takeover, Jiang Li, sole director of Poly Glorious said: "The acquisition of MayAir is expected to be highly additive to the wider Poly Glorious group.
“We already have significant expertise in the HVAC industry within China and through acquiring MayAir this will enable us to further strengthen the overall competitiveness in our existing product offering as well as our market presence in the air purification industry."
In its separate announcement, MayAir also issued a trading update, saying that, since 30 June 2017, the company “has continued to trade in line with management's expectations.”
It added that in the fourth quarter of 2017, MayAir successfully opened its new manufacturing facility in Nanjing, China and this is expected to provide an increase in the scale of the group’s production over time as well as providing increased facilities for research and new product development.
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