Gol and Avianca make an agreement and announce the creation of the holding Grupo Abra

Airlines will maintain their independence, but will be controlled by the same group; Closing of the transaction is expected to take place in the second half of 2022

Reproduction / Instagram @voegoloficial

Companies announced agreement this Wednesday, 11

The airline shareholders Goal (Brazil) and Avianca (Colombia) signed an agreement considered historic and will be controlled by the same group, the holding Open group. The agreement was announced by the companies this Wednesday, 11. “This agreement places Grupo Abra’s airlines in a leading position in air travel in Latin America,” said Constantino de Oliveira Junior, CEO of the holding company. Despite the agreement, the companies said they will maintain their independence, with their own teams and cultures and will benefit from “greater efficiency and investments made by the same controlling group”. Also according to the company, “financial investors have committed to invest up to US$350 million in shares of Grupo Abra after the closing, further strengthening the balance sheet and the liquidity position of the Group”. The transaction is expected to close in the second half of 2022. Currently, Avianca has a fleet of more than 110 aircraft and is the company that leads the sector’s activities in Colombia, Ecuador and Central America, operating 130 lines on the continent. Gol has a fleet of 142 vehicles and a team of 14,100 aviation professionals.

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