Avianca and Gol owner Abra Group is close to acquiring a majority stake in Chilean carrier SKY Airline after submitting documentation to competition authorities requesting regulatory approval.
On November 10, 2025, Abra Group said it had reached an agreement-in-principle with SKY to conclude the deal and formally welcome the carrier into its airline family.
Once final documentation and closing conditions are signed the current majority shareholders of the Chilean airline will become minority shareholders of Abra Group.
SKY will maintain its brand, culture and talent, and Holger Paulmann will continue to serve as Chairman of its Board.
Abra Group said SKY will also maintain its internal and external processes, sales channels and customer service, in line with how the carrier operates today.
“SKY is an airline that shares our purpose: prioritizing access to air travel. At Abra, we want more people across Latin America to fly easily, reliably, with the best network of connections, friendly service and competitive fares. Bringing SKY into the Group will allow us to continue strengthening the region’s air market,” said Adrian Neuhauser, CEO of Abra Group.
Abra Group, a UK-based company, currently holds a 40% equity stake in SKY, while members of the Mast and Paulmann family hold the majority.
“This is great news for our company and for our passengers,” said Holger Paulmann, President of SKY Airline. “Once the preliminary agreement submitted today to the respective competition authorities is approved, SKY will become part of a group that currently operates a combined fleet of more than 300 aircraft and connects over 140 destinations across more than 25 countries.
He added: “This will mean more routes, more opportunities, and more travel options for our passengers — all while staying true to our essence.”
Abra Group, which also holds an investment in Spanish carrier Wamos Air, employs nearly 30,000 people and carries more than 70 million passengers each year.
