Grupo Abra, the parent company of Avianca and Gol, has announced the acquisition of Spanish airline Wamos Air, specialised in aircraft leasing services.
Under new ownership, Wamos Air will continue operating independently, maintaining its team and business model. The deal, expected to close in September pending regulatory approvals, reinforces Wamos’ operations in Latin America.
This move marks another step in Avianca’s presence in the Spanish aviation market, with potential future expansions in the sector. The acquisition aligns with Grupo Abra’s goal of consolidating its presence across 15 countries and 150 destinations, leveraging Wamos Air’s extensive experience and global reach.
Financial details of the transaction remain undisclosed, emphasising the strategic nature of the investment.
This post was published on 11 May 2024 18:44
Airbus expects the worldwide dedicated freighter fleet to grow from 2,360 aircraft in 2026 to…
American Airlines reported record third-quarter revenue of US$16.3 billion, up 19.3% year-on-year, but higher fuel…
Storm Austen disrupted air travel across Western Europe on Friday, 23 October, forcing cancellations in…
Romanian carrier seeks protection from creditors as total liabilities reach €25.4 million; flight operations face…
Jetstar and Qantas have banned an Australian social media personality from flying with their airlines…
The Flemish Government has invoked a conflict of interest against the proposed changes to flight…