SKY Airline wants to distance itself from Abra Group (for now)

-

spot_imgspot_imgspot_img

Don't miss the latest aviation news from Latin America and Spain in our newly Aviacionline English Feed at Twitter and Telegram . You may also follow us in LinkedIn, Instagram and Facebook for our broader coverage in Spanish.

SKY Airlines issued a statement clarifying the company’s situation after the creation of the Abra Group holding company, which will include Avianca and GOL, was announced last Wednesday, in what represented the latest and strongest of the telluric movements in the Latin American airline market.

The Chilean ultra-low-cost airline (with a subsidiary in Peru) indicated that «the transaction does not involve changes in SKY’s ownership structure or in its management. Its majority shareholders continue to maintain control of the company and it will continue to operate independently from Abra Group, Avianca, Gol and Viva».

They also clarify that «without prejudice to the foregoing, subject to the approvals that may be relevant for its creation, Abra Group may acquire the credit granted to SKY, which could be converted in the future into shares representing a minority percentage of the ownership of the company».

See also: Abra Group in figures: the new Avianca and GOL controlling holding

- Advertisement -

In 2021, a group of investors granted SKY a credit convertible into shares dated 2026, which was later assigned to a parent company of Avianca. That is why the latter and GOL, when they announced the birth of Abra, also named SKY as another of the potential «branches» of the group in the region, as well as Viva; although the latter would be a total incorporation given that the Colombian low-cost carrier is in the process of being acquired by Avianca.

Pablo Díaz (diazpez)
Pablo Díaz (diazpez)
Director Editorial de Aviacionline.com. 40 años. Argentino. Casado. Profesional de IT por elección, Aeronáutico por vocación. Casi piloto. Casi Spotter. Casi Ingeniero. Viajero ocasional, nerd frecuente.

Deja un comentario

Latest News

Trip Report: flying Blue Air’s 737-500 from Bucharest to Iași

DISCLAIMER: tickets for these flight were offered to Aviacionline by Blue Air. However, our editorial independence is a non-negotiable...

Condor resumes flights to Phoenix

On Saturday (21) at 7:34 p.m. local time, the first Condor flight from Frankfurt landed in Phoenix. The German...

China Eastern accident: NTSB and China’s CAAC deny intentional dive reports

The Civil Aviation Administration of China (CAAC) told China's state-run daily Global Times on Wednesday (18), that it has...

Argentine Air Force delegation evaluated the JF-17 Thunder in China

A delegation of pilots and technicians traveled to China to evaluate the capabilities of the Sino-Pakistani fighter JF-17 Thunder,...
- Advertisement -

Condor resumes flights between Frankfurt and Anchorage

After a 32-month suspension due to COVID-19, Condor resumed operations this Saturday (21) between Frankfurt and Anchorage. The German...

Ethiopian to increase flights to Buenos Aires and Sao Paulo

Beginning July 1st, Ethiopian Airlines will increase its flight frequency between Addis Ababa, Sao Paulo and Buenos Aires. Operations...

You May Also LikeCheck It Out!
Recommended For You