AVIANCA ANNOUNCES INTERNAL INVESTIGATION INTO ALLEGATIONS DISCLOSED IN AIRBUSS
RECENT SETTLEMENT WITH US, UK AND FRENCH AUTHORITIES
Bogotá, February 3, 2020. Subsequent to
the recently announced settlement between Airbus SE (Airbus) and authorities in France, the UK, and the United States regarding corrupt business practices at Airbus, Avianca announced today that it has retained the services of
Ropes & Gray, a leading international law firm, to conduct an independent internal investigation into its relationship with Airbus and whether it has been the victim of wrongdoing.
Avianca will take all legal actions necessary to defend the interests of the Company and its shareholders, and will fully collaborate with all of the relevant
authorities in France, the United States, the United Kingdom and other countries as appropriate.
Airbuss disclosure contains deeply
concerning information regarding alleged actions by an individual at Avianca in the period prior to March 2016. Our current management team strongly rejects any conduct that does not reflect integrity and transparency in business in general, and in
particular towards Avianca. We will take all steps necessary to defend the Companys interests, working together with the relevant authorities, emphasized Anko van der Werff, President and CEO of Avianca Holdings.
For further information please contact:
Avianca Investor
Relations
+ 571-5877700 ext. 2474, 1349
ir@avianca.com
ABOUT AVIANCA HOLDINGS
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 175 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With more than 21,000 employees, the Company had revenues of US$4.8 billion in 2018 and transported
30.5 million passengers. On February 22, 2019, Avianca Holdings S.A. 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.