Abra Group Eyes US IPO, Ready to Expand Beyond Latin America

Abra Group, the holding company of the Brazilian airline Gol and Colombia’s Avianca, has announced plans to submit a draft registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) in the US.

Abra Group was formed in 2022 when Gol and Avianca merged under one holding company to strengthen their operations and market coverage across Latin America.

This step toward becoming a publicly traded company on a major international exchange signals Abra’s growth ambitions beyond the Latin American market.

The submitted draft registration statement will cover the offering of ordinary shares but is subject to market conditions and the SEC’s review process before any final IPO date is set.

The announcement comes shortly after Gol revealed plans to go private by delisting its shares from the São Paulo Stock Exchange (B3) to simplify its ownership structure.

Gol had also emerged from Chapter 11 bankruptcy protection in the US in June 2025, with a stronger balance sheet and restructuring completed, allowing Abra Group to consolidate control, now owning over 80 percent of Gol.

In September 2025, Abra Group officially ended merger talks with Azul, a Brazilian airline. The main reason for the termination was Azul's ongoing Chapter 11 bankruptcy restructuring, which has complicated efforts to move forward.

Photo by Cláudio Luiz Castro on Unsplash