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Avianca secures $300 million financing from ABGF for aircraft engine maintenance services at GE Aerospace's MRO shop in Brazil.

PRIVATESep 08, 2026about 3 hours ago

Amount Raised

$300 Million

Round Type

Venture - Series Unknown

BogotaLeisureTravelAir TransportationTourism

Investors

CitibankBrazilian Agency For Management Of Guarantee Funds And Guarantees (Abgf)

Description

Avianca, part of Abra Group, has entered into a financing agreement for maintenance, repair, and overhaul services for its CFM56 aircraft engines. The financing, arranged through Citibank, includes up to $300 million and marks a first for a non-Brazilian airline under this framework. This agreement enhances Avianca's flexibility in executing maintenance plans while investing in operational resilience. The move supports high-value Brazilian services and strengthens the international presence of local companies.

Company Information

Company

Avianca Group

Location

Bogota, Bogota, Capital District, Colombia

About

Avianca, a Star Alliance member and part of Abra Group, encompasses Aerovías del Continente Americano S.A., Taca International Airlines S.A., Avianca Costa Rica S.A., Avianca Ecuador S.A., Aviateca S.A., Regional Express Américas S.A.S., LifeMiles, and Avianca Cargo. With over 105 years of operations in Colombia, Avianca is part of the leading airline group in Colombia, Ecuador, and Central America, and operates one of the largest route networks in Latin America, serving more than 150 routes, more than 700 daily flights, and a fleet of 140 Airbus A320 and Boeing 787 Dreamliner aircraft, connecting over 80 destinations across 25+ countries in the Americas and Europe. In 2024, Avianca transported nearly 38 million customers and operated more than 258,000 flights. Its loyalty program, LifeMiles, is one of the largest in Latin America, with over 14 million members and more than 400 partner merchants. In cargo transportation, Avianca Cargo is the leading operator in various markets across the Americas, connecting over 350 destinations through its 220 weekly cargo flights, passenger flight network, and interline agreements.

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