The main shareholders of Avianca and the controlling shareholder of GOAL createán the Abra Group, a transport groupéreo líthere one Américh latina. image airgways.
The main shareholders of the airlineíColombian airline Avianca and the controlling shareholder of the Brazilian company GOL signed a historic agreementórich to create a transport group toéreo líthere an Américh Latina under a structure of holding company called Abra Group Limited (“Open Group”). Subject to customary regulatory approvals and closing conditions, the Abra Group controlíto Avianca and to GOL, approaching these icóunique brands within the same holding.
Avianca and GOL, boards
A través of the recent investments made by the shareholders of Avianca and Viva, the group alsoén tenderíhim 100% of economic rightsómics of Viva operations in Colombia and Peruú, but not control itía, and countía with a crédito convertible into an investmentón representative of an interéminority in the airlineínea Sky Airline de Chile.
boards, Avianca and GOL serán the anchor of an air netíLatin American lines that will haveán unit costs más low in their respective markets, loyalty programs lítheir a trotés of the regionón, and other complementary businesses. Avianca and GOL will maintainán their brands, talent, teams and culture independently, while benefitingán of greater efficiencies and investments within a common propertyún.
Open provideá a platform that allows youá to the airínew operators reduce theún más its costs, achieve greater savingsíthose of scale, continue operating a fleet of aircraft úlast generationón and expand your routes, services, product offerings and loyalty programs.
On the whole, the aerosolsíwhat to doán part of the Abra Group will be ableían offer its customers the m networkás wide and complementary routes with a mísuperimposedón between markets.
Abra's financial strength will provide youá to the airíneat partícipes stability and agility in the long term, boosting theí you reverse itóconstant and sustained innovationón and in synergies.
The Abra ser Groupá co-controlled by the main shareholders of Avianca and the majority shareholder of GOL, And beá led by a management team with extensive experience in aviationón in the regionón, a long history of entrepreneurship and a proven récord de ésuccesses in growth and transformationón of aerolídenies.
- Roberto Kriete, that performsñará as president of the Board of Directors (Chairman) of the group, was the one who convertedó to TACA on the airlineínea lífrom Centro Américh in the déeach of the 80, before merging with Avianca in 2009. Spaghettién fundó, on 2006, Volaris, the airínea líder in the Mexican market.
- Constantino de Oliveira Junior, that performsñará as the CEO of the Group, He was a pioneer in the revolutionón of the aerosolsílow cost lines in Américh Latina when she foundedó GOL Airlines in 2001. Along with the acquisitionón the VRG and 2007 and from Webjet in 2011, the leaderó the growth of the companyñíuntil reaching a positionón of market leadership.
- Adrian Neuhauser, current President and CEO of Avianca, y Richard Lark, current CFO of GOL, performñarán as co-presidents of the Group and will maintainán their current positions at the airlinesídenies. At the closing of the agreement, will deliverán más details about Abra's management team.
The Abra Group management team will focusá in generating synergies that ensure cost structures málow s for each airínea in their corresponding markets; to expand its route network, services, product offerings and loyalty programs; and in developing new and innovative products and services that respond to the current needs of passengers and cargo customers in the Latin American transportation market.éI think it is highly competitive.
in addition, Abra will striveá for ensuring that the aerosolínear old líderes en la implementationónumber of environmental criteria, social and corporate governance (ESG for its acronym in Englishés), by having governance sóleadership and financial strength to continue investing in a fleet of aircraft that generates a lower carbon footprint, what to speed upíto the advancement of the industryéarea towards its carbon neutral goals.
Téterms of the transactionón
The Abra Group is a companyñía closely held company incorporated in the United Kingdom. Once the transaction is closedón, the Abra Group controlá to Avianca and GOL and, due, spaghettién tenderá economic rightsónon-controlling parties in Viva's operations in Colombia and Peruú, and countía with a crédito convertible into an investmentón representative of an interéminority in the airlineínea Sky Airline de Chile.
Certain financial investors have committed to investing más of US$350 million in Abra shares at the closing of the transactionón, strengtheningún más the balance and positionóAbra liquidity n.
The closing of the transaction is expectedón be completed in the second half of the 2022, subject to satisfaction of customary closing conditions and regulatory conditions.
