Avianca Holdings reports certain final orders of first day hearing
BOGOTÁ D.C., Colombia, June 13, 2020 – Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) hereby reports that, according to
June 11, 2020, 6K report - “Avianca Holdings Continues Progress in Reorganization Process” - the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) granted final approvals for 18 of the Company’s
“first day” and “second day” motions – out of 20 - to help ensure that Avianca continues normal business operations throughout the reorganization process.
Only one first day motion has not yet been approved in its entirety on a final basis - specifically, the Debtors’ request to pay prepetition amounts in
connection with certain preexisting employee benefits plans - which will be subject to further consideration by the Court on or prior to June 18, 2020. The Debtors continue to negotiate in good faith with the office of the United States Trustee
for the Southern District of New York regarding the limited subset of issues that remain outstanding and remain hopeful that a consensual resolution will be reached imminently.
In addition, the Company clarifies that the applicable “first day” motions were approved in their entirety on a final basis, which were also
reported on May 27, 2020 by the Company through the relevant information mechanism established by the Colombian Superintendence of Finance and can be accessed by visiting the Company’s Reorganization website at
www.aviancaseguiravolando.com and / or at www.kccllc.net/avianca .
As previously announced, on May 10, 2020, Avianca and certain of its subsidiaries
and affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York to preserve and reorganize Avianca’s businesses. LifeMiles™, Avianca’s
loyalty program, is administered by a separate company and is not part of the Chapter 11 filing. Avianca customer programs are continuing and customers can arrange travel and fly with Avianca as they always have. Avianca is committed to continue
serving customers with safe, reliable air travel as COVID-19 travel restrictions are gradually lifted.
Additional Resources
Additional resources for customers and other stakeholders, and other information on Avianca’s filings, can be accessed by visiting the Company’s
Reorganization website at aviancawillkeeponflying.com. Court filings and other documents related to the Chapter 11 process in the U.S. are available on a separate website administered by Avianca’s claims agent, Kurtzman Carson Consultants, at
www.kccllc.net/avianca. Information is also available by calling (866) 967-1780 (U.S./Canada) or +1 (310) 751-2680 (International), as well as by email at www.kccllc.net/avianca/inquiry.
About Avianca Holdings S.A. (NYSE: AVH) (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. With a fleet of 158 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With more than 21,000 employees, the Company earned $ 4.6 million in 2019 and carried 30.5 million
passengers
Contacts
Investor Contact
Avianca:
Luca Pfeifer, Head of Investor Relations
ir@avianca.com
(571) (5877700)