Gol and Avianca unite and aim to create the leading aviation group in Latin America

The project, developed years ago, includes an investment of 350 million USD, as well as Viva and Sky, The group's estimated potential for the next few years is US$10 billion in revenue, with the potential to add 500 aircraft to its fleet.

RIO DE JANEIRO, BRAZIL - The controllers of Brazil's Gol and the largest shareholders of Colombia's Avianca signed the first step to creating the largest transport group in Latin America last night.

After years of talks, the Constantino family, which owns the Brazilian company, and Avianca's main partners agreed to transfer their stakes in the airlines to a new holding company called Abra Group, which will assume the role of controller of the companies and be based in the United Kingdom.

Once the necessary regulatory approvals have been . . .

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