Abra Group reaches agreement for strategic investment in Wamos Air

22.05.2024 - 11:59 / traveldailynews.com / Adrian Neuhauser / Theodore Koumelis

Abra Group’s strategic investment in Wamos Air aims to enhance air travel between Latin America and Europe, increasing long-haul flight operations and market coverage.

LONDON – Abra Group has agreed to carry out a strategic investment in Wamos Air, a world-leading air charter and wet lease services company based in Spain. This partnership will bring about the possibility of improving connectivity between Latin America and Europe, leveraging the potential increase in coverage and operation of the Group’s wide-body fleet.

“We celebrate the signing of this agreement for multiple reasons. First, because Wamos Air is a gem in the world of ACMI and air charter operations and has global experience operating in multiple markets. Second, because its business model perfectly complements Abra’s vision and strategy of being a leader in air transportation in Latin America. And third, because this partnership will allow us to participate in long-haul markets with wide-body aircraft in other countries beyond our current Colombia operation,” stated Adrian Neuhauser, CEO of Abra Group.

“We welcome Wamos Air to Abra Group. Without a doubt, the investment we are making demonstrates our group’s continued strength, and will open the door for us to realize further synergies between our businesses and continue to expand opportunities to connect the countries of Latin America -not only with each other- but with the rest of the world,” said Constantino de Oliveira Junior, Chairman of Abra Group.

In turn, Wamos Air will benefit from the knowledge of an expert investor with a long-term vision that will drive growth its operations to and from Latin America. “For Wamos Air, this operation represents an incredible opportunity for evolution and growth alongside such a relevant group in the industry as Abra, with whom we have had an important commercial relationship over the past years. This agreement will complement our activity through the opening of new long-haul routes, without losing our essence as a world-class ACMI operator. We face this new stage in our history with great enthusiasm and are convinced that this alliance will represent an important step forward in the company’s future,” stated Enrique Saiz, CEO of Wamos Air.

Wamos Air will maintain its leadership team, continue to operate independently under its existing business model, and, as it has done throughout its more than 20 years of history, will continue to serve its customers around the world.

The investment complies with European Union regulations on air services, airline ownership and control, and its implementation is subject to standard closing conditions for such transactions, including obtaining approvals from competent authorities.

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