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.

Abra is majority stakeholder in both Colombian carrier Avianca and Brazilian airline Gol, and recently completed the acquisition of Spanish carrier Wamos Air.

Latin America

Gol has been working through a Chapter 11 bankruptcy protection process since the start of the year but, bolstered by a recent debt-for-equity agreement with Abra, is hoping to complete its financial restructuring by April next year.

This restructuring has complicated stepping up co-operation between the two carriers. 

“One of the challenges that we’ve been dealing with through the bankruptcy is Abra’s position as both a creditor but also a significant equity holder in Gol, and just making sure that there’s no perception by any of the other stakeholders that we’re unduly influencing the company,” said Neuhauser, speaking during Avianca’s third-quarter earnings call on 8 November.

“What we’ve been able to do so far with Gol is be supportive on a lot of things that you’re not seeing behind the scenes, but that have been helpful to us in terms of, for example, joint purchasing of certain things during negotiations with certain suppliers and OEMs.”

He says customer-facing co-operation includes launch of frequent flyer programme reciprocity. ”We’re going to obviously significantly strengthen that going forward.

“Then as we look to integrate the networks more, you’ll see more of that come on. You should start seeing more announcements around that very, very soon.”





Source link

Posted in
Limousine

skylinesmecher

Related Posts
Limousine Comments are Closed

Plan the perfect NYC Memorial Day weekend

Pack only what you need and avoid overpacking to streamline the check-in and security screening…

News Comments are Closed

LA’s worst traffic areas and how to avoid them

Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…

Lufthansa City Airlines opens services from Frankfurt hub

Lufthansa City Airlines has commenced flight operations from Frankfurt, expanding to the Lufthansa Group’s primary…

Russian regulator approves domestic composite fin and stabiliser for MC-21

Russian federal air transport regulator Rosaviatsia has approved the use of import-substituted composites for the…

Royal Danish Air Force picks 2Excel for MH-60R conversion training

UK-based 2Excel Aviation has been selected by the Royal Danish Air Force (RDAF) to train…

Carriers face setback over controversial Dublin cap after European court opinion

Carriers operating at Dublin have encountered a legal setback in their efforts to overturn a…

Helsing’s CA-1 Europa UCAV to fly with Hensoldt sensor package

Helsing is to integrate sensor technology from fellow German company Hensoldt aboard its CA-1 Europa…

EASA to tailor flight-time limitation rules for air taxi and emergency medical operations

European safety regulators are seeking to develop flight-time limitations tailored to the specific requirements of…

Sheremetyevo vows to restore Domodedovo profitability after signing acquisition deal

Moscow Sheremetyevo airport’s operator is vowing to restore the Russian capital’s Domodedovo airport to profitability…

Gazprom Neft undertakes ground-based engine tests with sustinable fuel

Russian oil refining firm Gazprom Neft has undertaken rig testing for a product it claims…

Il-114-300 arrives at Yakutsk airport for extreme-weather testing

United Aircraft is conducting ground-testing of the Ilyushin Il-114-300 at Yakutsk airport to assess operational…

Post a comment

Your email address will not be published.