AP

MEXICO CITY (AP) - The founder of Europe`s largest low-fare airline and Mexico`s largest bus company plan to starts a Mexican airline in September.

VivaAeroBus, the joint venture of Ryanair founder Tony Ryan and bus company Inversionistas en Autotransportes Mexicanos SA will base its operations at the Monterrey International Airport, said Mexican engineering and construction concern Empresas ICA SA.

ICA has a 47.2 percent stake in Mexico`s Central North Airport Group, or GACN, which operates the Monterrey airport.

VivaAeroBus will start offering flights with two Boeing 737-300 planes, with plans to increase its fleet to five planes during the first year and 10 by the second.

Ryanair is the main operating unit of Ryanair Holdings PLC of Ireland.