Brazilian airline GOL and Colombian compatriot Avianca are combining operations under a single holding company structure, called Abra Group.

The two airlines will, however, retain their respective brands and talent.

Abra Group will be jointly controlled by Avianca’s principal shareholders and GOL’s majority shareholder. These shareholders have signed an agreement to enable the merger. 

The combination will create a pan-Latin American airline giant, which will also have a non-controlling, 100% economic interest in Viva, a low-cost carrier operating in Colombia and Peru with whom Avianca recently agreed to merge.

Furthermore, Abra Group will also have a minority stake in Chilean carrier Sky Airline.

Carriers owned by the Abra Group are said to provide the largest network of complementary routes with minimal overlapping between themselves.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The consolidation is also aimed at offering the lowest cost structure in each airline’s market, in addition to expanding services, routes and loyalty programmes.

The airlines under Abra Group are also said to be ‘ESG market leaders’ in furthering carbon neutrality goals in the aviation sector.

In a statement, the Colombian carrier said: “Together, Avianca and GOL will anchor a pan-Latin American network of airlines that will have the lowest unit cost in their respective markets, the leading loyalty programme across the region, and other synergistic businesses.”

Constantino de Oliveira Junior will lead Abra Group as its CEO, while Roberto Kriete will become its chairman.

Avianca’s existing president and CEO Adrian Neuhauser along with existing GOL CFO Richard Lark will be the group’s co-presidents, in addition to retaining their existing positions.

Kriete noted: “Our customers will benefit from access to even better fares, more destinations, more frequent flights and seamless connections, and the ability to earn and use points across the brands’ loyalty programmes.”