Avianca and GOL form holding company Abra Group

Colombian airline Avianca and Brazil’s GOL signed an agreement to create a new holding company, Abra Group Limited. The two brands will merge under the single holding and be controlled by Abra Group, subject to customary regulatory approvals and closing conditions, according to a Wednesday release. Despite the new ownership structure, Avianca and GOL will continue to operate with independent brands and staff. The agreement will provide a larger network of routes, lower costs and an expanded loyalty program for airline customers. Additionally, company leaders said they will focus on being an efficient provider of cargo solutions, while also expanding long-haul flights. [caption id="attachment_81548" align="alignright" width="490"] Photo courtesy of Avianca.[/caption] “In this partnership, Avianca and GOL will each be able to expand operations into markets where they are not active today,” said Roberto Kriete, chairman at Abra Group and founder of Mexican low-cost carrier Volaris, in a webcast announcement Wednesday. “The new group will enhance the airlines’ presence in the international long haul and cargo market and in the Americas.” Reaching further Increasing accessibility in air travel throughout Latin America was one of the driving factors in creating Abra, GOL co-founder and Abra CEO Costantino de Oliveira, Jr., said in the webcast. Avianca is the leading airline in Colombia, Ecuador and Central America and GOL is Brazil’s second largest airline. “With its scale and diversified market presence, the new group will be able to better compete with large legacy carriers and global carriers active in our region,” Kriete said. De Oliveira said the airlines expect to close the deal in the second half of 2022. GOLLOG, GOL’s cargo branch, has more than 90 units throughout Brazil and services over 2,400 cities, according to its website. GOLLOG also partners with Argentine e-commerce company Mercadolibre as the sole carrier for the group. Avianca Cargo operates six A330 freighters and travels to 90 cities in South America, Central America and North America, with four stops in Colombia, according to its website. Avianca ranked at No. 37 in Air Cargo World ’s most recent Freight 50 ranking of the world’s top cargo carriers based on 2020 traffic. The Air Cargo Tech Summit, the new airfreight logistics event presented by Air Cargo World , will take place LIVE in Miami from June 6-7. Learn more and register here.

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