Abra Group, parent company of Latin American airlines Avianca and Gol, intends to become a publicly traded US company.
The firm said on 15 October it filed papers with the US Securities and Exchange Commission proposing that it complete an initial public offering of stock.
“The offering itself and the timing thereof are subject to market conditions, other consideration and the completion o the SEC”s review process,” Abra says.
The company does not provide additional details.
Abra’s carriers have both restructured following post-pandemic financial struggles.
Colombian carrier Avianca emerged from bankruptcy court protection in late 2021 and Brazil’s GOL exited the same process in June. Both carriers restructured in US court.
Abra had been exploring combining Gol into Brazilian discount airline Azul but said in September that it had ended those discussions.
