Abra Group to Expand Latin American Air Network

Abra Group, the parent company of GOL and Avianca, is close to acquiring a majority stake in Chilean carrier SKY Airline. The deal, subject to regulatory approval, will see SKY maintain its brand, culture, and talent, while Abra Group aims to strengthen the region’s air market with more routes and travel options. Abra Group currently holds a 40% equity stake in SKY, with the Mast and Paulmann families holding the majority. The acquisition is part of Abra Group’s efforts to expand its presence in Latin America, as reported by AeroTime.