BOGOTA, Colombia, October 28, 2020 Avianca Holdings S.A. (OTCMKTS: AVHOQ,
BVC: PFAVH) (the Company or Avianca) announced today that following constructive conversations with different employee associations regarding structural agreements, which provide stability to the Companys employees
while allowing the Company to be more competitive and to achieve long term sustainability, Aerovías del Continente Americano S.A. Avianca and the pilots from the Colombian Association of Civil Aviators, or ACDAC, have successfully reached an
agreement for the next four (4) years (and, in respect of certain aspects, the next six (6) years).
The structural changes under this agreement
represent another step in connection with the requirements and commitments assumed in connection with the Companys Chapter 11 proceedings.
About
Avianca Holdings S.A. (OTCMKTS: AVHOQ) (BVC: PFAVH)
Avianca is the trademark for the group of passenger airlines and cargo airlines under the holding
company Avianca Holdings S.A. Avianca has been flying continuously for 100 years. As of December 2019, the Company had over 21,000 employees, operated a fleet of 158 aircraft and served 76 destinations in 27 countries within the Americas and Europe.
In 2019, the Company carried 30.5 million passengers, generating revenues of approximately US$ 4.6 billion.
Contacts
Investor Contact
Avianca:
Luca Pfeifer, Head of Investor Relations
ir@avianca.com
(571) (5877700)
U.S. and Europe Media Contact
Avianca:
Viviana Escobar, Corporate Communications
viviana.escobar@avianca.com
Joele Frank, Wilkinson
Brimmer Katcher:
Leigh Parrish
lparrish@joelefrank.com
+1 212 355 4449
Colombia, Central America and South
America Media Contact
Avianca:
Maria Carolina Cortes.
Corporate Communications
Carolina.cortes@avianca.com