Gol and Avianca, two main airways from Brazil and Colombia respectively, introduced on Wednesday a deal to affix forces underneath the identical guardian firm, the Abra Group Restricted, which can be based mostly in the UK. The brand new entity will even personal the financial pursuits of low-cost provider Viva in Colombia and Peru (however with no controlling function) and a minority stake in Chile’s Sky Airline, the second-biggest within the nation (behind Latam).
The deal, which was years within the making, is about to create a gaggle with a mixed annual income of USD 7 billion and a fleet of…
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