Abra Group

South American airline group Abra is assessing the opportunities and risks in its due diligence process of evaluating Aerolineas Argentinas.

GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it nears exiting bankruptcy protection.

Abra Group, the parent company of Avianca and Gol, says it has completed the acquisition of Spanish wet-lease and charter specialist Wamos Air.

Azul is pushing back on reports of potential bankruptcy considerations, saying it has sources of liquidity and continues to explore combinations with GOL.

Spanish LCC Volotea and Abra Group will not proceed with a joint venture partnership they had planned.

Abra Group, the main shareholder of Colombian airline Avianca and Brazilian LCC Gol, has signed a memorandum of understanding for five Airbus A350-900s.

GOL has failed to start the process of considering its Chapter 11 exit financing proposals, after previously stating the evaluations would start in early June.

Abra Group, the holding company for airlines Avianca and GOL, has acquired a strategic shareholding in Spanish wet-lease and charter provider Wamos Air.

Brazil’s largest airlines work their way through consolidation, restructurings.

The airlines hope the proposed steps will allay Aerocivil’s competition concerns.

Aerocivil has found the combined entity would have a monopoly on 16 routes within Colombia.

The carrier will begin international flights from Bucaramanga, Pereira and Santa Marta, as well as expanding its overseas network from Cartagena.

The move gives Avianca passengers access to seven Bolivian cites.

The consolidated business will have a network spanning almost 300 routes and be similar in size to LATAM Airlines Group.