Avianca Holdings S.A. and Kingsland Holdings Ltd. Agree to Withdraw Lawsuits
November 29 2017 - 1:08PM
Business Wire
Avianca Believes Kingsland’s Lawsuit was
Premature and Meritless
Avianca Continues to Negotiate a Strategic
Alliance with United Airlines
Avianca Holdings S.A. and Kingsland Holdings Ltd. today agreed
to withdraw their respective lawsuits filed in New York State
Supreme Court. The parties jointly filed a stipulation with the
court dismissing the actions without prejudice.
Avianca continues to negotiate a strategic alliance with United
Airlines and hopes to finalize an agreement by the end of the
year.
“As we’ve said all along, Kingsland’s lawsuit was meritless and
filed prematurely, and we are pleased that the parties have reached
an agreement to dismiss both actions,” said Avianca CEO Hernán
Rincón. “Avianca is now looking beyond the litigation, and we are
pleased that negotiations with United are progressing. Moving
forward, Avianca will continue to focus on serving our passengers,
advancing our strategic goals, and developing our business across
Latin America.”
About Avianca Holdings S.A.
Avianca Holdings S.A. (NYSE:AVH) (BVC:PFAVH) comprises the
airlines: Aerovías del Continente Americano S.A. Avianca (Avianca),
Tampa Cargo S.A.S., incorporated in Colombia, Aerolineas Galapagos
S.A. - Aerogal, incorporated in Ecuador, and the TACA Group
companies: TACA International Airlines S.A., incorporated in El
Salvador, Lineas Aereas Costarricenses S.A., LACSA, incorporated in
Costa Rica, Trans Américan Airlines S.A., incorporated in Perú,
Servicios Aéreos Nacionales S.A., SANSA, incorporated in Costa
Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, Isleña
de Inversiones S.A. de C.V., ISLEÑA, incorporated in Honduras and
Aviateca S.A., incorporated in Guatemala.
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Jason Juceam / Brendan RileyBrunswick Group+1
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