Bogotá D.C., April 26, 2019
In connection with
the sale of the shares of Grupo Taca Holdings Limited (GTH) in Turboprop Leasing Company Ltd (Turbo) and of Nicaragüense de Aviación S.A. (NICA) in Aerotaxis La Costeña S.A. (La Costeña) reported on April 23, 2019, the
Company informs that:
Grupo Taca Holdings Limited and Nicaragüense de Aviación S.A. remain subsidiaries of Avianca
The total value of the sale of the shares of GTH in Turbo and NICA in La Costeña corresponds to a fixed
amount of US$11,700,000 and a maximum variable amount of US$3,800,000.
In relation to the news article published by the newspaper
on April 24, 2019, related to the sale of certain
businesses, the Company reiterates, as previously reported, that it is advancing a Transformation Plan focused on a profitability
model. As part of said Plan, the Company has reported that one of its strategies is the sale of
In particular, regarding the businesses of Deprisa, Éxito Viajes y Turismo S.A.S. and Servicios Aeroportuarios Integrados S.A.S., the Company intends
to report any material information, in compliance with applicable law.
For further information please contact:
Avianca Investor Relations
ext. 2474, 1349
ABOUT AVIANCA HOLDINGS S.A.
The terms Avianca
Holdings or the Company refer to the consolidated entity. The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be
cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
Avianca Holdings S.A. (NYSE: AVH)
(BVC:PFAVH) is comprised of the following airlines: Aerovías del Continente Americano S.A.Avianca, Tampa Cargo S.A., incorporated in Colombia, Aerolineas Galapagos S.A.Aerogal, incorporated in Ecuador, and the TACA Group
companies: TACA International Airlines S.A., incorporated in El Salvador, Lineas Aereas Costarricenses S.A.LACSA, incorporated in Costa Rica, Avianca Perú S.A., incorporated in Perú, Servicios Aéreos Nacionales
S.A.SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, and Isleña de Inversiones S.A. de C.V.ISLEÑA, incorporated in Honduras.
+571 587 77 00 2474, 1349