Abra Group
The leading
air transportation group
across Latin America
Bringing together iconic brands under a single group, anchoring a pan-Latin American network of airlines that will have the lowest unit cost in their respective markets, the leading loyalty programs across the region, and other synergistic businesses
01
Subject to customary regulatory approvals and closing conditions, Abra Group will control Colombia’s Avianca and Brazil’s GOL and, through recent investments made by Avianca’s and Viva’s shareholders, also own a non-controlling 100% economic interest in Viva’s operations in Colombia and Peru as well as a convertible debt representing a minority interest investment in Chile’s Sky Airline
02
Airlines will maintain independent brands, talent, teams, and culture while benefiting from greater efficiencies and investments under common aligned ownership
03
Abra will provide a platform for the operating airlines to further reduce costs, achieve greater economies of scale, continue to operate a state-of-the-art fleet of aircraft, and expand their routes, services, product offerings, and loyalty programs
04
In the aggregate, the airlines under the Abra Group ownership will offer customers the largest network of complementary routes, with minimal overlap, across their markets
FOUNDERS
Leadership with significant history of transforming brands across the industry and region
Roberto Kriete
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Roberto Kriete
Roberto, who will serve as Abra group’s Chairman, grew TACA in the 1980s into the leading Central American airline before merging it with Colombia’s Avianca Airlines in 2009.

He is the current Chairman of Investment Vehicle 1 Limited (previously Avianca Group International Limited), former Chairman of Grupo TACA, President of the Latin American Association of Airlines (ALTA), former Chairman of AVIANCATACA, and founder and member of the Board of Directors of Volaris. He has also served on the Boards of Banco Agrícola of El Salvador, El Salvador’s leading business school, and the Business Foundation for Educational Development.

Roberto is also the founder and Chairman of MRO Holdings and serves as CIO of the Kriete Family Investment Committee.

In the sustainability space, he has been President of the Gloria de Kriete Foundation since its foundation and is a member of the Board of Agape and member of INCAE’s Presidential Advisory Council.
Constantino de Oliveira Junior
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Constantino de Oliveira Junior
Junior, who will serve as the CEO of Abra Group, founded GOL Airlines in 2001, served as its CEO from 2001 to 2012 and is currently chairman of the board of directors.

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.

CUSTOMERS, EMPLOYEES & COMMUNITY

Increasing air travel accessibility in Latin America, enhancing career opportunities, and commitment to ESG

Customers

Abra Group will make air travel in Latin America available to more people, providing access to even better fares, more point-to-point flight options, increased frequencies, and additional service to new destinations, while playing a key role in maintaining and operating new and existing routes to underserved communities.

In addition, through the combination of the brands’ market-leading loyalty programs customers will have increased opportunities to earn and use points, broader geographical reach, enhanced benefits, and access to superior products and services.

Employees

Each airline will continue to maintain independent brands, talent, teams, and culture.

This partnership is designed to support employees by providing more opportunities for personal and professional growth at every stage of their careers.

Community

Abra’s vision is to create an airline group that tackles 21st century issues, making air travel increasingly simple, accessible, reliable, and sustainable by driving economic development, further integrating Latin America with the rest of the world, and minimizing the airlines’ environmental footprint.

Abra Group will ensure that its operating airlines are ESG market leaders by providing enhanced governance as well as the financial strength to continue to invest in a lower carbon footprint fleet, which will significantly accelerate the airline industry’s path towards meeting carbon neutrality targets.