Chilean carrier SKY Airline has signed a preliminary agreement to join Abra Group, owner of Avianca and Gol and strategic investor in Wamos Air.
Under the terms of the agreement, SKY Airline will retain its brand, operational structure and personnel, as is the case today with Avianca, Gol and Wamos Air.
The agreement is subject to approval from competition authorities, final documentation, and additional closing conditions.
During the regulatory approval and closing process, both parties will operate independently, preserving internal and external processes, sales channels, and customer service.
The agreement aims to strengthen air connectivity across Latin America and further integrate SKY Airline destinations with the region and the world.
"This is great news for our company and our passengers," said Holger Paulmann, chair and president of SKY Airline. "This will mean more routes, more opportunities, and more travel options for our passengers — all while staying true to our essence."
At transaction closing, Abra will consolidate ownership of SKY, and the current majority shareholders of the Chilean airline will become minority shareholders of Abra. Paulmann will continue to serve as chair of the board at SKY.
"SKY is an airline that shares our purpose: prioritizing access to air travel,” said Adrian Neuhauser, CEO of Abra Group.
“At Abra, we want more people across Latin America to fly easily, reliably, with the best network of connections, friendly service and competitive fares.”
Abra Group currently operates a combined fleet of more than 300 aircraft and connects over 140 destinations across more than 25 countries.