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)
