Farnborough 2024

Abra Group signs MoU for 5 Airbus A350-900s

By 27-07-2024 July 28th, 2024 No Comments

Abra Group has signed a Memorandum of Understanding (MoU) for five A350-900s to further expand its international long-haul operations and increase capacity. This is in line with the Group’s strategic plans to offer millions of passengers greater connectivity to new destinations on long-range routes.

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Adrian Neuhauser, CEO of Abra Group said, “We are delighted to announce this agreement with Airbus. We believe the arrival of these five A350s, which offer a best-in-class passenger experience, are more fuel efficient and have a lower cost per seat than competitor aircraft, will allow us to strengthen our commitment to make travel more accessible and responsible. This also means better prices for customers with better connectivity between our continent and Europe, and will further consolidate Abra as one of the largest and most competitive air transportation groups in Latin America. The aircraft selection is consistent with the strategic announcements we have done this year and further executes on our long term vision.”

Airbus has sold over 1,300 aircraft in Latin America and the Caribbean and has a leading  market share of in-service passenger aircraft. Around 800 are in operation throughout the region, with close to 500 in the order backlog. Since 1994, Airbus has secured 75% of net orders in the region.

Abra Group is one of the largest and most competitive air transportation groups in Latin America. Abra brings together the Avianca and GOL brands under a single leadership, anchoring a Latin American airline network with one of the lowest unit costs in each respective market, leading loyalty programs in the region (LifeMiles and Smiles), and other synergistic businesses. Abra recently announced its intention to make a strategic investment in Wamos Air in Spain (subject to approvals).