Abra Group Limited

Based in the US, and founded in 2023, Abra Group Limited is a low-cost airline offering air transportation solutions that enhance connectivity across Latin America, catering to both leisure and business travelers. In October 2024, Castlelake led a USD 1. 25 billion financing comprised of USD 510 million in aggregate principal amount of senior secured notes due 2029 and a USD 740 million credit facility to Abra Group Limited. Abra Group offers a comprehensive suite of air transportation solutions aimed at enhancing connectivity across Latin America.

The company focuses on providing low-cost and low-fare airline services, catering to a diverse clientele that includes leisure and business travelers seeking affordable and accessible travel options. Abra Group operates within multiple geographical markets, specifically targeting underserved communities and major urban centers across Latin America, thereby addressing key travel needs with increased point-to-point flight options and enhanced frequency on popular routes.   Abra Group generates revenue primarily through ticket sales and ancillary services, structured around a low-cost airline model that appeals to a wide range of consumers.   In October 2024, Abra Group Limited closed a USD 1.

25 bn financing led by Castlelake, which includes USD 510 mn in senior secured notes due 2029 and a USD 740 mn credit facility. This funding will support the upcoming launch of new routes aimed at expanding operations into underserved markets in Central and South America by the end of 2025. The company plans to enhance its service offerings and increase overall capacity, further solidifying its presence in the region.