Abra Group reaches agreement for strategic investment in Wamos Air
Strategic Investment | Abra Group agrees to execute strategic investment in Wamos Air, a world-leading charter aircraft leasing and wet leasing services provider
Abra Group has agreed to make a strategic investment in Wamos Air, a world-leading Spanish company in charter aircraft leasing and wet leasing services
This alliance will open the possibility of improving connectivity between Latin America and Europe through the potential increase in coverage and operation of the Group's wide-body fleet
Abra Group, through its subsidiaries Investment Vehicle 1 ("IV1L") and Avianca Midco 2 Plc ("Avianca"), will acquire substantially all the economic interests in Wamos Air via a structure that complies with European Union regulations on airline ownership and control at an Enterprise Value of €129 million (including €24 million in Net Debt1). Details on the final transaction structure will be announced once this transaction closes
Closing is subject to the satisfaction of customary conditions for this type of transactions, including obtaining approvals from competent authorities
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