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 Company’s
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 Company’s 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
