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Brazil’s Gol and Colombia’s Avianca to create holding company Abra Group

05/11/2022

Less than a minute

2022.05.11 16:02

Brazil's Gol and Colombia's Avianca to create holding company Abra Group
FILE PHOTO: The logo of Brazilian airline Gol Linhas Aereas Inteligentes SA is seen on a tail of an airplane at Augusto Severo International Airport in Natal, Brazil November 23, 2018. Picture taken November 23, 2018. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) – Brazilian airline Gol Linhas Aereas Inteligentes SA and Colombia’s Avianca said on Wednesday they have agreed to create a holding company called Abra Group, which will control both firms and bring together their brands under a single holding.

Abra Group will be co-controlled by the principal shareholders of Avianca and the majority shareholder of Gol, they said in a press release, adding that both airlines will continue to maintain independent brands.

05/11/2022

Less than a minute

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