Bogotá D.C., April 25, 2019
AVIANCA HOLDINGS ANNOUNCES MANAGEMENT CHANGE
Mr. Hernán Rincón Lema has tendered to our board of directors his resignation as Chief Executive Officer effective April 30, 2019, the
terms of which were finalized on April 24, 2019. Prior to his departure, Mr. Rincón will remain our principal executive officer for SEC reporting purposes. Pursuant to our bylaws and Amended & Restated Joint
Action Agreement, we have already retained a third-party international consulting firm to assist us in searching for a successor for Mr. Rincón. Our board of directors has resolved that, if a successor Chief Executive Officer is not
appointed prior to the departure of Mr. Rincón, our Secretary Mr. Renato Covelo, who has been acting as Legal Vice President and General Counsel since December 2016, shall become our interim Chief Executive Officer until a successor
has been appointed. If Mr. Covelo becomes our interim Chief Executive Officer, Mr. Richard Galindo, who has been acting as our Legal Director since February 2017, will become our interim Secretary.
For further information please contact:
Avianca Investor
Relations
+
571-5877700
ext. 2474, 1349
ir@avianca.com
ABOUT
AVIANCA HOLDINGS S.A.
The terms Avianca Holdings or the Company refer to the consolidated entity. The original source-language
text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) comprises the airlines: Aerovías del Continente Americano S.A.Avianca, Tampa Cargo S.A.,
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, Transamérican Airlines S.A.TACA Perú, incorporated in Perú, Servicios Aéreos Nacionales S.A.SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, and
Isleña de Inversiones S.A. de C.V.ISLEÑA, incorporated in Honduras.
+571 587 77 00 2474, 1349
ir@avianca.com