Bogotá, March 24, 2020
AVIANCA HOLDINGS S.A. TEMPORARILY CEASES DOMESTIC COLOMBIA
FLIGHT OPERATIONS UNTIL APRIL 12, 2020
International Passenger Travel- as well as Flights to and within Peru, El Salvador, and
Ecuador- Remain Suspended until the end of April
The Colombian Federal Government announced on Friday, March 20, 2020 that it will close the Colombian airspace to passenger travel effective
March 25, 2020. As a result of this decision, Avianca Holdings will temporarily cease to operate all regular passenger flight operations starting March 25, 2020 until at least April 12, 2020.
Avianca Holdings continues to coordinate with governments and their respective embassies to ensure continued humanitarian and repatriation flights. The
Company is maintaining- and potentially temporarily expanding- operation of its cargo, freight, charter and courier business flights to adequately serve increased demand of those countries to which it flies and of its cargo customers.
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.