Principal shareholders of avianca and controlling shareholder of gol to create abra group, a leading air transportation group across latin america
-- subject to customary regulatory approvals and closing conditions, abra will control avianca and gol and bring together their iconic brands under a single group -- -- through recent investments made by avianca's and viva's shareholders, abra group will also own a non-controlling 100% economic interest in viva's operations in colombia and peru as well as convertible debt representing a minority interest investment in chile's sky airline -- -- airlines will maintain independent brands, talent, teams, and culture while benefiting from greater efficiencies and investments under common aligned ownership -- -- customers to benefit from the best fares, access to more destinations, more frequent flights and seamless connections, and the ability to earn and use points across lifemiles and smiles, the brands' market-leading loyalty programs -- london , may 11, 2022 /prnewswire/ -- the principal shareholders of colombia's avianca and the controlling shareholder of brazil's gol have signed a landmark agreement to create a leading air transportation group across latin america under a holding company structure named abra group limited. subject to customary regulatory approvals and closing conditions, the abra group will control avianca and gol and bring together their iconic brands under a single holding.
GOL Ratings Summary
GOL Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission