How the Americas flyTM

The leading air transportation
group across Latin America

Abra Group, incorporated in the United Kingdom, is one of the most competitive air transport groups in Latin America. It brings together iconic airline brands with the benefits of scale, shared infrastructure, and disciplined capital allocation. Through Avianca, GOL, and strategic investments including Wamos Air, Abra connects passengers and cargo across Latin America’s largest and fastest-growing markets. This shared platform is engineered to deliver lower unit costs, resilient cash flows, and sustainable long-term value creation.

At a Glance

~150DESTINATIONS
25+COUNTRIES SERVED
~300AIRCRAFT
44M+LOYALTY PROGRAM MEMBERS1
1As of September 30, 2025
Leading Brands

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  • Leading airline in Latin America with 100+ years of history
  • #1 seat share in Colombia, Ecuador, and Core Central America
  • 14+ million loyalty program members
  • Diversified revenue streams including cargo and ancillary services
  • More information for investors

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  • Latin America’s original low-cost carrier
  • #2 seat share in Brazil
  • Largest loyalty program in Brazil with 29+ million members
  • Leading provider of domestic air cargo services in Brazil
  • More information for investors

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  • Leading global premium ACMI provider (Aircraft, Crew, Maintenance & Insurance)
  • High-margin, asset-light model with no fuel exposure
  • Authorized operator in 24+ countries requiring special permits
  • Full wide-body operations

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MANAGEMENT TEAM
Leadership with significant history of transforming brands across the industry and region
Constantino de Oliveira Junior

Chairman

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Constantino de Oliveira Junior
Junior has been the Executive Chairman of the Board of Directors and is the former CEO of Abra Group. He founded GOL Airlines in 2001 and served as its CEO from 2001 to 2012, staying as Chairman of the carrier’s Board of Directors until present day.

He introduced the “low-cost, low-fare” concept in the Brazilian airline industry and was named “Most Valuable Executive” by the Brazilian newspaper Valor Econômico in 2001 and 2002. In 2003, he was elected the leading executive in the logistics sector by the readers of Gazeta Mercantil, a Brazilian financial newspaper, and in 2008, he was named a “Distinguished Executive” in the air transportation category at the Latin American Aeronautics Gallery awards, sponsored by IATA.

From 1994 to 2000, he served as director of a land passenger transportation company.

Junior studied business administration at the Universidade do Distrito Federal and attended the Executive Program in Corporate Management for Brazil conducted by the Association for Overseas Technical Scholarships.

Adrian Neuhauser

Group CEO

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Adrian Neuhauser

Adrian Neuhauser has been the CEO of Abra Group since January 2024, after having held the positions of CFO, President, and CEO of Avianca from 2019 to 2023. In his initial role as CFO, Adrian led Avianca’s 2019 out-of-court restructuring. Subsequently, he successfully organized and oversaw the company’s Chapter 11 reorganization and its exit during the COVID pandemic. After this, Adrian was promoted to CEO of the world’s second-oldest airline in April 2021, a position from which he led its transformation into a low-cost operator, leveraging the strengths of its legacy carrier past. He was also appointed chairman of the executive committee of the Latin American Association of Airlines (ALTA) in October 2022.

Before joining Avianca, Adrian worked for over 20 years at various investment banks, including Credit Suisse, Deutsche Bank, and Bank of America Merrill Lynch, where he developed extensive experience advising clients in the transportation sector, including airlines, aircraft lessors, railroads, and logistics companies. Between 2012 and 2014, Adrian served as the President of Railex, a refrigerated unit train and third-party logistics provider that was subsequently acquired by Union Pacific. He holds a dual degree in Economics and Business Administration from the Pontificia Universidad Católica in Santiago, Chile.

Manuel Irarrazaval

Group CFO

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Manuel Irarrazaval

Manuel Irarrazaval has served as our Chief Financial Officer since 2023. Mr. Irarrazaval is also a member of Gol’s board of directors and has served as Chief Financial Officer of IV1L since 2025. Mr. Irarrazaval has more than 30 years of experience leading financial operations across diverse sectors.

Prior to joining Abra, he held several leadership positions at Bank of America, including Managing Director and Head of the LatAm Natural Resources Group from 2021 to 2023 and Chief Executive Officer and Country Head for Latin America (excluding Brazil and Mexico) from 2014 to 2021. Prior to joining Bank of America, Mr. Irarrazaval served as Chief Country Officer, Chief Executive Officer and Chairman for Deutsche Bank Chile and Head of Corporate Finance and Mergers and Acquisitions for Chile and Peru at Deutsche Bank from 2009 to 2014.

These roles followed Mr. Irarrazaval’s 15 years at Endesa, Latin America’s largest electric generator, culminating in his role as Chief Financial Officer from 2006 to 2009. Throughout his career, Mr. Irarrazaval has developed and executed corporate financial strategies related to equity and debt issuances, mergers and acquisitions, restructuring, asset and wealth management, financial planning and analysis, investor relations, and engagement with banks and credit rating agencies.

Board of Directors

Constantino de Oliveira Junior

Executive Chairman and Director. Founder of GOL Airlines in 2001 and former CEO of the airline between 2001 and 2012; remains Chairman of the Board of GOL.

Roberto Kriete

Vice Chairman and Director. Former President of TACA, founder and former board member of Volaris, founder and member of MRO Holdings. Remains as Chairman of the Board of Directors of Avianca.

Timothy Robert Coleman

Board Member. Independent member of the GOL’s board of directors. Held the position of Global Head of the Restructuring group at PJT Partners and Head of Restructuring at Blackstone.

Robert Fornaro

Board Member. A member of the board of directors of the Avianca Group and WestJet. Currently a Principal at ParkView Partners LLC. Former advisor at Southwest and CEO of Spirit Airlines and AirTran.

Stephen Kavanagh

Board Member. Served as a non-executive director of CDB Aviation Finance since 2019, of Oman Air and Oman Airports Management since 2023, and of Norwegian Air Shuttle since 2023. Served on the Board of Aer Lingus until 2023.

Patrick Kiblisky

Board member. Also serves as a board member of the Avianca Group, RVX Asset Management and Nexus Chile. Served as President of Nublense SADP from 2007 to 2022 and as a SVP at UBS Wealth Management from 2009 to 2021.

Howard Millar

Board member. Former Deputy CEO and CFO of Ryanair. He joined Ryanair in 1992 as Financial Controller and became a Finance Director in 1993 and later Deputy Chief Executive Officer and Chief Financial Officer in 2003.

Richard Schifter

Board Member. Senior advisor of TPG Capital, former partner at TPG from 1994 to 2013. Former board member at American Airlines, US Airways, Ryanair, Midwest Airline, Gate Gourmet.

Jackson Schneider

Board Member. Former CEO of Embraer Defense & Security (2014 – 2022), held senior management roles at Mercedes Benz and Unilever Brazil, former member of the Board of aircraft MRO company, OGMA Industria Aeronautica de Portugal.