Gol and Avianca, two main airways from Brazil and Colombia respectively, introduced on Wednesday a deal to affix forces beneath the identical dad or mum firm, the Abra Group Restricted, which will likely be primarily based in the UK. The brand new entity may even personal the financial pursuits of low-cost provider Viva in Colombia and Peru (however and not using a controlling function) and a minority stake in Chile’s Sky Airline, the second-biggest within the nation (behind Latam).
The deal, which was years within the making, is about to create a bunch with a mixed annual income of USD 7 billion and a fleet of…
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