Avianca has closed a $71.5 million spare engine facility, says the bank arranging the deal.
Credit Agricole CIB is sole arranger and administrative agent on the transaction which closed at the end of August.
The deal was upsized, says a source from Credit Agricole CIB.
Source: Cirium Dashboard
Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year.
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
Madrid-based Wamos Air has officially joined Abra Group, the parent company of Colombian airline Avianca and Brazil’s Gol, five months after the companies first announced the transaction.
