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Open Group (made up of Avianca, GOAL and in process Argentinian airlines) announced that it will make a strategic investment in the Spanish Wamos Air.
In a movement of great importance for the airline sector, the Open Group, leading conglomerate in air transportation in Latin America, has announced the completion of a strategic investment in Wamos Air, pioneering Spanish company in aircraft leasing services for charter and wet lease at a global level. The main objective of this strategic alliance is to strengthen air connectivity between Latin America and Europe, opening a range of possibilities for economic development and cultural exchange between both regions.
Abra Group invests in Wamos
«We celebrate this agreement with great satisfaction due to the multiple opportunities it represents», said Adrian Neuhauser, CEO of Abra Group. «Wamos Air is not only a highly prestigious company in the world of aircraft leasing, but also has extensive global experience in various markets. Its business model aligns perfectly with our vision of becoming leaders in air transportation in Latin America.. "This alliance will allow us to expand our presence with wide-body aircraft to new countries beyond Colombia.", added.
«We welcome Wamos Air to the Abra family», expressed Constantino de Oliveira Junior, Chairman of the Abra Group. «This investment is a reflection of our strength and opens the doors to the search for synergies between our businesses, creating new opportunities to connect Latin American countries with each other and with the rest of the world.".
For Wamos Air, This alliance represents a valuable opportunity for growth and evolution. «This operation will allow us to expand alongside a group as important as Abra, with whom we have maintained a fruitful business relationship for years», Enrique Saiz pointed out, Wamos Air CEO. «This agreement will complement our operations, allowing us to open new long-haul routes without losing our essence as a world-class wet lease operator. We are confident that this alliance will boost the future of our company.", concluded.
Relevant aspects of the agreement:
- The company will retain its management team and continue to operate independently under its current business model..
- Wamos Air will remain committed to providing exceptional service to its customers around the world, as it has done for more than 20 years.
- The agreement is subject to European Union regulations on air services, airline ownership and control, and the approvals of the competent authorities.
An alliance that can grow
The union of Open Group and Let's go Air marks a milestone in aviation history, creating a stronger air bridge between Latin America and Europe. This strategic alliance will not only benefit passengers with more flight options and greater connectivity, but will also promote economic development and cultural exchange between both regions.
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In theory, Ecuador will receive more flights to Madrid with wamos, but if they approve the merger of Iberia with Air Europe, the latter would have to leave the slots..
What you say makes sense. Wamos could not operate flights to Ecuador at this time due to lack of frequencies in the bilateral agreement.