Grupo Viva is planning to go public over the next two years with group chief executive Declan Ryan touting a possible dual listing on the New York (NYSE) and Colombian bourses, Routes Online has reported.

The Panama-based Latin American low-cost carrier group, which was created by Irelandia Aviation and which operates VivaColombia and Viva Air Perú, is also eyeing growth beyond its two current home markets, most pressingly in Ecuador.

"We're in deep discussions with some airports in Ecuador and we're looking very seriously at the market," Ryan said during the Routes America 2018 summit in Ecuador this week.

The carrier will most likely focus on Latacunga, currently a cargo airport with no scheduled services, located 92 kilometres away from Quito International. According to Ryan, the airport could become a low-cost hub similar to London Luton or London Stansted. Grupo Viva may establish a new unit with an Ecuadorian air operator's certificate (AOC).

The group is also interested in establishing a presence in Argentina and Central America, but will not expand into Chile or Brazil due to strong competition from local carriers.

According to the ch-aviation capacity module, VivaColombia's current international network includes Lima International, Balboa in Panama, and Miami International. VivaAirPeru does not operate international flights.

Ryan also outlined the delivery schedule for its fifty A320 Family aircraft due from Airbus (AIB, Toulouse Blagnac). The first seven aircraft, all A320ceos, are slated for delivery in 2018, followed by a further eight in 2019. These aircraft will replace twelve A320s currently operated by VivaColombia and two operated by VivaAirPeru. Thirty-five A320neos included in the order will be delivered thereafter.

"I think our fleet will go up to about twenty-five in Colombia, ten to fifteen in Peru and other markets, including Ecuador, will be the remainder," Ryan has explained.