Brazil Carrier Gol’s Parent Sees US IPO to Pare Debt Load

Abra Group Ltd., which controls Brazil’s Gol Linhas Aereas Inteligentes and Colombia’s Avianca Holdings SA, plans to list in New York as part of an effort to pare debt and simplify its structure.

Listing UK-based Abra will allow the group to align on fleet decisions, capital structure and operations across Latin America, Adrian Neuhauser, its chief executive officer said in an interview.

Latin America’s airline market is rebounding as travel demand returns to pre-pandemic levels but costs and debt weigh on profits. Low-cost carriers are expanding across borders while legacy airlines rebuild networks, creating pockets of growth ...