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Gol and Avianca announce new holding company, which will be the largest transport company in Latin America
Boeing 737 MAX
Gol
Carlos Danniell, CC BY-SA 4.0, via Wikimedia Commons
Rafael Ramos
5/12/2022
Shareholders of Gol and Avianca announced yesterday (11) the creation of a holding company that will bring together, in addition to Gol and Avianca, Viva Colombia and Sky Airline. Thus, this will be the largest transport group in Latin America.
According to a statement, it is known that the brands, despite being controlled by the same group, will continue to operate independently, including maintaining their own management and individual partnerships. Gol, for example, will continue as one of American Airlines' main partners on the continent.
The objective is to operate “with the lowest unit cost in their respective markets”, reads a note from the companies. Together, the companies have a fleet of around 300 aircraft and earn around 7 billion dollars a year. Abra intends to increase to 500 and 10 billion, respectively.
Constantino de Oliveira Junior, the man who founded Gol in 2001, will be the Group's CEO. Roberto Kriete, co-founder of Avianca Holdings, will be the director of Abra, while Adrian Neuhauser, current president and CEO of Avianca, and Richard Lark, current CFO of Gol, will be co-presidents of the group.
Ken Yam/Unsplah
CC BY-SA 4.0, via wikimedia commons
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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