Report of Foreign Issuer (6-k)
August 15 2019 - 6:23AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2019
Commission File Number:
001-36142
Avianca Holdings S.A.
(Name of Registrant)
Aquilino de
la Guardia Calle No. 8, Panama City,
Republic of Panama
(+507) 205-600
(Address of Principal Executive Office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Note
: Regulation
S-T
Rule
101(b)(1) only permits the submission in paper of a Form
6-K
if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
Note
: Regulation
S-T
Rule
101(b)(7) only permits the submission in paper of a Form
6-K
if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as
the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form
6-K
submission or other Commission filing on EDGAR.
INDEPENDENT AUDITORS REPORT ON REVIEW OF
INTERIM FINANCIAL INFORMATION
To
the Shareholders
Avianca Holdings S.A.:
Introduction
We have reviewed the accompanying
June 30, 2019 condensed consolidated interim financial information of Avianca Holdings S.A. and subsidiaries (the Group), which comprises:
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the condensed consolidated statement of financial position as of June 30, 2019;
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the condensed consolidated statement of comprehensive income for the three-month and
six-month
periods ended June 30, 2019 and 2018;
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the condensed consolidated statements of changes in equity for the
six-month
period ended June 30, 2019 and 2018;
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the condensed consolidated statements of cash flows for the
six-month
period ended June 30, 2019 and 2018; and
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notes to the interim financial information.
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Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with IAS 34,
Interim Financial Reporting. Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review.
Scope of Review
We conducted our review in accordance
with the International Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently
does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our
attention that causes us to believe that the accompanying June 30, 2019 condensed consolidated interim financial information is not prepared, in all material respects, in accordance with IAS 34, Interim Financial Reporting.
Material Uncertainty Related to Going Concern
We draw
attention to notes 2 (f), 14 and 26 of the condensed consolidated interim financial information, which indicate that Group has breached with certain obligations in financing of airplanes and other loans, whereby on consolidated statement of
financial position as of June 30, 2019, long-term debt by US$2,484 million was reclassified to short-term, accumulating a total current obligations of US $ 3,825 million. The Group´s ability to meet these obligations will depend
on whether they can renegotiate the terms and conditions with lenders and obtain new sources of financing to meet the short-term obligations. These circumstances indicate that a material uncertainty exists that may cast significant doubt on the
Groups ability to continue as a going concern. Our review report is not modified in respect of this matter.
KPMG S.A.S.
August 14, 2019
Bogotá, Colombia
Bogotá D.C., August 15, 2019
MATERIAL INFORMATION
Avianca Holdings S.A. informs that it has published on its website
www.aviancaholdings.com
its earnings release for the second quarter
of 2019 and its unaudited condensed consolidated interim financial statements as of June 30, 2019 and December 31, 2018 and for the
six-month
periods ended June 30, 2019 and 2018.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: August 15, 2019
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AVIANCA HOLDINGS S.A.
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By:
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/s/ Richard Galindo
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Name:
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Richard Galindo
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Title:
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Vice President Senior General Counsel
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Exhibit Index
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Exhibit No.
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Description
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99.1
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Unaudited condensed consolidated interim financial statements as of June 30, 2019 and December 31, 2018 and for the
six-month
periods ended June 30, 2019 and 2018.
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