Following a second phase of evaluation, the Peruvian government approved the takeover while imposing limits on exclusivity. SKY Airline Perú, a capacity provider based in Lima, Peru, is the second largest airline in the Peruvian market. It is a subsidiary of Chile-based SKY Airline and operates scheduled domestic and international services from its main hub at Jorge Chávez International Airport at Callao (LIM). Brazil and Chile had already agreed to the deal, now Peru’s approving completes it.
The Peruvian Commission for the Defense of Free Competition authorized the takeover by the Abra Group, the parent of Colombia’s Avianca, Bazil’s GOL, and Spain’s Wamos Air. This decision is, however, still subject to contractual modifications. Green light for the transaction was given by the Peruvian authorities after determining that the original contract included clauses that limited the participation of other market players, and follows similar approvals already granted by regulatory authorities in Brazil and Chile.
In March 2026, the Peruvian agency had begun the second phase of its review of the transaction by closely checking potential effects on routes between Lima and Miami, as well as between Cusco and the U.S. city. During this phase, the watchdogs determined that business consolidation would not restrict competition on those routes.
Abra was already a creditor of SKY through a convertible loan of US$89.8 million maturing in October 2026, which allowed the debt to be converted into 41.04% of the shares. The negotiations included proposals for a share swap and but? concluded with an alternative transaction in which SKY’s majority shareholders would transfer shares in exchange for an equity stake in Abra. With this acquisition Abra is strengthening its market position in South America where Lima-based SKY serves Buenos Aires, Montevideo, Sao Paulo, Rio de Janeiro, and Florianópolis, among others.
