Gol Owner Abra Delays Its New York Stock Market Debut

Key Facts

—Listing on hold. Abra Group has pushed back its planned New York initial public offering, saying current conditions make a near-term deal unworkable.

—The reasons. Chief executive Adrián Neuhauser blamed market volatility from Middle East conflict and a jump in fuel prices.

—Who Abra is. The UK-based holding company owns Brazil’s Gol and Colombia’s Avianca, plus stakes in Spain’s Wamos Air and, now, Chile’s Sky Airline.

—Groundwork done. Abra had already filed confidentially with American regulators and delisted Gol from Brazil’s B3 exchange to prepare for the listing.