Abra Group, Wamos Air Join Hands to Step Up Europe-LatAm Airlift

Caribbean News…
10 May 2024 2:54am

Grupo Abra has decided to make a strategic investment in Wamos Air, a prestigious Spanish company specialized in aircraft leasing services for charter and wet lease worldwide.

This alliance promises to boost connectivity between Latin America and Europe, thanks to the potential increase in coverage and operations of Grupo Abra's wide-cabin fleet. 

Adrian Neuhauser, CEO of Grupo Abra, highlighted the importance of this agreement, recognizing Wamos Air's global reputation and experience in various markets. He also highlighted the complementarity between Wamos Air's business model and Abra's vision in Latin American air transportation.

On the other hand, Constantino de Oliveira Junior, Chairman of the Abra Group, emphasized that this investment will consolidate the group's position and open opportunities to seek synergies between the businesses, connecting not only Latin America with each other, but also with the rest of the world. 

This alliance will give Wamos Air the opportunity to evolve and grow with the backing of an experienced investor such as Abra, while maintaining its independence and serving its customers globally.

Enrique Saiz, CEO of Wamos Air, expressed his enthusiasm for this partnership, highlighting the opportunity to expand its activity with the opening of new long-haul routes, maintaining its excellence as a wet lease operator worldwide.

Wamos Air will continue to operate independently under its current business model, maintaining its leadership team and serving its customers worldwide.

The agreement has been made in accordance with European Union regulations on air services, airline ownership and control, and is subject to the relevant approvals from the competent authorities.

With a fleet of four Airbus A330-200s and six A330-300s, Wamos Air is positioned to improve connectivity between Europe and Latin America, taking advantage of residual slots following the merger between Air Europa and Iberia, currently under investigation by the European Union's antitrust committee due to dominance on links between the two continents.

Back to top