Source: Abra Group
- Abra currently includes operating companies Avianca and Gol, as well as a strategic investment in Wamos Air. The Group spans 140 destinations in more than 25 countries, with a fleet of 300 aircraft, nearly 30,000 employees, and more than 70 million passengers carried annually.
- This agreement -subject to approval from competition authorities, final documentation, and additional closing conditions- aims to strengthen air connectivity across Latin America and further integrate SKY markets with the region and the world.
- Under the terms of the agreement, SKY Airline will retain its brand, culture and talent, as is the case today with Avianca, Gol and Wamos Air.
- During the regulatory approval and closing process, both parties will operate independently, preserving internal and external processes, sales channels, and customer service as they exist today.
Abra Group —which comprises operating companies Avianca and Gol, an its strategic investment in Wamos Air— and SKY Airline announced today they have submitted documentation to competition authorities, requesting regulatory approval to incorporate the Chilean airline into one of Latin America’s leading air transport groups.
Abra and SKY have reached an agreement-in-principle to advance this transaction, subject to regulatory approval, completion of definitive documentation and other closing conditions.
During the definitive documentation and regulatory approval process, both parties will continue to operate independently. The way users, suppliers, employees and institutions interact with each company will remain the same, and the airlines will maintain their internal and external processes, sales channels and customer service, just as they operate today.
“SKY is an airline that shares our purpose: prioritizing access to air travel. At Abra, we want more people across Latin America to fly easily, reliably, with the best network of connections, friendly service and competitive fares. Bringing SKY into the Group will allow us to continue strengthening the region’s air market,” said Adrian Neuhauser, CEO of Abra Group.
“This is great news for our company and for our passengers,” said Holger Paulmann, President of SKY Airline. “Once the preliminary agreement submitted today to the respective competition authorities is approved, SKY will become part of a group that currently operates a combined fleet of more than 300 aircraft and connects over 140 destinations across more than 25 countries. This will mean more routes, more opportunities, and more travel options for our passengers — all while staying true to our essence.”
At transaction closing, Abra will consolidate ownership of SKY , and the current majority shareholders of the Chilean airline will become minority shareholders of Abra. SKY will maintain its brand, culture and talent, and Holger Paulmann will continue to serve as Chairman of its Board.