DALLAS – The primary owners of Colombia’s Avianca (AV) and the controlling shareholder of Brazil’s GOL Linhas Aereas (G3) have signed a landmark agreement to form Abra Group Limited, a prominent air transportation group across Latin America.
The Abra Group will own AV and G3, bringing together their iconic brands under a single company. The union is subject to typical regulatory clearances and closing conditions.
The Group will also own a non-controlling 100% economic stake in Viva’s (FV) operations in Colombia and Peru, as well as convertible debt representing a minority equity investment in Chile’s Sky Airline (H2), thanks to recent read more ⇒
Source:: “Airways Magazine”