Avianca Parent Plans IPO to Seal Comeback Bondholders Bet Big On

The holding company for Avianca Group International Ltd., a Colombian airline that filed for bankruptcy during the pandemic, is planning an initial public offering as revenue roars back.

“Without a doubt the IPO makes sense to support the group’s growth,” Avianca’s head of investor relations Maria Cristina Ricardo said in an interview. The plan is for Abra Group Ltd. to sell shares in New York or London in the next 12 to 18 months, she added.

An Avianca passenger aircraft in Cali, Colombia.

Photographer: Jair F. Coll/Bloomberg

Air travel in Latin America has rebounded to pre-pandemic levels, according to data from OAG Aviation. That’s paved the way for a ...