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Abra Group, the majority investor in Avianca and GOL, signed an MoU for five A350-900s with Airbus today at the Farnborough Air Show. The aircraft will further expand international long-haul operations and increase capacity.
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.”
Benoît de Saint-Exupéry, Executive Vice President Sales of the Commercial Aircraft business said, “We are delighted to see the Abra Group endorsing the A350 to continue its mission of strengthening air connectivity between Latin America and the rest of the world. The selection of the A350 reaffirms the aircraft as the undisputed leader in long-haul air travel.”
The Bottom Line
Abra Group is a major airline player in Latin America, and by ordering aircraft for multiple airline applications, can generate scale economies to further improve economic performance. Avianca and GOL are both expanding, and the international expansion will need wide-body lift, which the A350-900 provides.
