Abra Group to File Paperwork for IPO in the US
Abra Group, owner of Avianca Airlines, GOL Linhas Aéreas Inteligentes, Wamos Air, and start-up NG Servicios Aéreos, plans to file paperwork with the US Securities and Exchange Commission (SEC) for a possible initial public offering (IPO) in the United States.
The company stated that the IPO's timing and details depend on market conditions and the SEC's review. In a previous statement, Abra's Chief Executive Adrian Neuhauser mentioned that the primary objective for 2025 was to launch an IPO in the US.
Notably, the holding delayed the IPO in 2024 due to significant challenges, including GOL's Chapter 11 bankruptcy reorganisation. Recently, the company announced plans to establish a new ACMI/charter carrier in Chile, NG Servicios Aéreos.
No specific details on the IPO's timing have been disclosed, as it is subject to market conditions and SEC review.
Author's summary: Abra Group plans US IPO filing.
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