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Complete with a ceremonial "baptism," Colombia's new discount airline Wingo completed its first official flight yesterday.

Offers are due by November 9, and a majority share may reportedly be on the table.

Wingo is "designed for passengers who prefer a simple, no-frills, and reliable travel option."

"The sale process has started" for a one-fifth holding in the Brazilian airline.

Copa has renewed its codeshare agreement and general alliance with United for five years.

Flight traffic is up almost across the board at Colombia's 10 largest airports compared to 2015, and there has been a huge spike among travelers heading to the Caribbean.

Copa Airlines (NYSE: CPA), has held onto its position as the top airline in on-time performance and flight completion in Colombia during first half of 2015, according to aviation research and data collection firm FlightStats. Copa completed the first six months of the year with...