Bogotá, March 27, 2020
DIVIDEND DISTRIBUTION
Avianca Holdings
S.A. (the Company) informs that, in the Ordinary General Meeting of Shareholders held on March 27, 2020, the Companys shareholders with voting rights unanimously approved to not distribute dividends for the fiscal year
ended December 31, 2019.
For further information, please contact:
Avianca Investor Relations
+ (571) 587 7700 ext.
2474, 1349
ir@avianca.com
FORWARD-LOOKING STATEMENTS
This press release may contain
forward-looking statements. These statements are statements that are not historical facts and are based on managements current view and estimates of future economic circumstances, industry conditions, Company performance and financial results.
The words anticipates, believes, estimates, expects, plans and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding
the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or
results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will
actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause actual results to differ
materially from current expectations.
ABOUT AVIANCA HOLDINGS S.A. (NYSE: AVH) (BVC: PFAVH)
Avianca is the commercial brand for the collection of passenger airlines and cargo airlines under the umbrella company Avianca Holdings S.A. Avianca has been
flying uninterrupted for 100 years. With a fleet of 171 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With more than 21,000 employees, Avianca Holdings had revenues of US$4.6 billion in 2019 and
transported 30.5 million passengers. On February 22, 2019, Avianca Holdings announced its corporate transformation plan consisting of four key pillars: 1) the improvement of operational indicators, 2) fleet adjustments, 3) the optimization
of operational profitability and 4) repositioning of non-strategic assets. On May 24, 2019, control of Avianca Holdings was assumed by Kingsland Holdings Limited, an independent third party of United
Airlines.