Milbank LLP advised Abra Group Limited in the creation of a leading air transportation group across Latin America. Abra Group is a holding company structure co-controlled by the principal shareholders of Colombia’s Avianca and the controlling shareholder of Brazil’s GOL. Subject to customary regulatory approvals and closing conditions, the Abra Group will control Avianca and GOL and bring together their iconic brands under a single holding.
The Milbank deal team included Global Capital Markets partner Tobias Stirnberg, Global Corporate partners Neil Whoriskey and Andrea Hamilton, Antitrust partner Fiona Schaeffer, special counsel Andrew Wellin, German and European Antitrust associate Dr. Nils Bremer, LL.M., and Global Capital Markets associate Guilherme Maranhão.
“We are very happy to have worked on this complex and landmark transaction, especially given our longstanding relationship with both Gol (which we have represented since 2004) and Avianca (which we have represented since 2019, most recently in its recent successful Chapter 11 reorganization)” said Tobias Stirnberg, Global Capital Markets partner.
“This transaction illustrates our expertise and experience in advising on some of the most complex matters in Latin America” added Marcelo Mottesi, Chair of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group.
