Avianca Holdings

Avianca Holdings SA
legal form	Sociedad Anónima
ISIN	PAI69PA00017
founding	2010
Seat	Ed. Arifa, Sta. María Business District, Panama City , Panama
management	Roberto Kriete (Chairman of the Board of Directors ) Anko van der Werff ( CEO ) Adrian Neuhauser ( CFO )
Number of employees	21,000 (2018)
sales	$ 4.9 billion
Branch	Aviation, tourism
Website	www.aviancaholdings.com

Avianca SA is based on Avenida Eldorado in Bogotá.

Avianca Holdings SA (until 2013 AviancaTaca Holding SA ) is a holding company based in Panama City , under whose roof the two airlines Avianca from Colombia and TACA from El Salvador as well as eight other airlines are united. The majority shareholder of Avianca Holdings is BRW Aviation (51.43%) in the USA. Avianca Holdings provides tourism, engineering, maintenance and specialist maintenance services. The company carried 30.5 million passengers in 2018.

Companies

Former AviancaTaca logo

The holding company was founded in February 2010 and calls itself a "multi-latam company", ie a company in which several Latin American airlines are involved. The Brazilian- Colombian businessman Germán Efromovich was President and Chairman of the Supervisory Board from 2004 to 2019.

Avianca Holdings is the third largest airline holding company in Latin America by revenue , after the Brazilian-Chilean LATAM Airlines Group and the Brazilian low-cost airline Gol Transportes Aéreos . With a fleet of over 189 aircraft (2017) and a passenger volume of over 30.5 million passengers (2018), it is the second largest airline in South America.
Avianca Holdings voluntarily submitted to Chapter 11 of the US Bankruptcy Act on May 10, 2020.

Comparable holding companies in Europe are the International Airlines Group and Air France-KLM .

Shareholder structure

The Synergy Group is the largest shareholder via BRW Aviation LLC in Delaware with 78.1%, followed by Kingsland Holdings ( Bahamas ) with 14.46%. The remainder are in free float (date May 24, 2019). Avianca Holdings is pursuing the strategic plan of entering into an alliance with United Airlines and obtaining a capital injection through an offer to the shareholders.

Business activity

Airbus A330-200 of Avianca

Airbus A320-200 of the TACA

Boeing 787-8 in the common corporate design of Avianca

Since June 21, 2012, Avianca and TACA members of the airline alliance Star Alliance .

The airlines of Avianca Holdings SA operate from two strategically distributed, important Latin American hubs : Bogotá (Colombia) and San Salvador (El Salvador). With a modern fleet of over 180 short, medium and long-haul aircraft and a team of more than 21,000 employees, they fly directly to over 105 destinations in America and Europe . A further 750 connections exist through this through codeshare agreements with other members of the Star Alliance . The companies of Avianca Holdings carried more than 30.5 million passengers in 2018 and have 7.8 million customers in their frequent flyer program LifeMiles . All airlines appear with the corporate design of the over 100 year old Colombian Avianca .

Pandemic Crisis and Chapter 11

Avianca Holdings SA announced on May 10, 2020 that it was voluntarily submitting itself to Chapter 11 of the North American Bankruptcy Act in the Southern New York Bankruptcy Court "to maintain and reorganize the company's business." Chapter 11 regulates a reorganization of the company's finances supervised by the court. The announcement is one of the direct consequences of the crisis caused by the COVID-19 pandemic .

The following, all airlines belonging to Avianca Holdings (10) and other associated companies are affected by this measure as of May 2020:

1. Aero Transporte de Carga Unión, SA de CV - AeroUnion ( 6R ) , Aeropuerto Internacional , Mexico City , Mexico 
2. Aeroinversiones de Honduras, SA
3. Aerovías del Continente Americano SA - Avianca ( AV ) , El Dorado , Bogotá , Colombia 
4. Airlease Holdings One Ltd.
5. America Central (Canada) Corp.
6. America Central Corp.
7. AV International Holdco SA
8. AV International Holdings SA
9. AV International Investments SA
10. AV International Ventures SA
11. AV Investments One Colombia SAS
12. AV Investments Two Colombia SAS
13. AV Taca International Holdco SA
14. Avianca Costa Rica SA ( LR ) previously LACSA Costa Rica (1945–2017), Juan Santamaría , San José , Costa Rica 
15. Avianca Holdings SA
16. Avianca Leasing, LLC
17. Avianca, Inc.
18. Avianca Ecuador SA ( 2K ) , Aeropuerto Internacional , Quito , Ecuador 
19. Aviaservicios, SA; previously AeroGal (1986-2018)
20. Aviateca Guatemala, SA ( GU ) as Avianca Guatemala , La Aurora , Guatemala City , Guatemala 
21. Avifreight Holding Mexico, SAPI de CV
22. CR Int'l Enterprises, Inc.
23. Grupo Taca Holdings Limited
24. International Trade Marks Agency Inc.
25. Inversiones del Caribe, SA
26. Isleña de Inversiones, SA de CV - Isleña Airlines as Avianca Honduras ( WC ) , Golosón , La Ceiba , Honduras 
27. Latin Airways Corp.
28. Latin Logistics, LLC
29. Nicaragüense de Aviación, Sociedad Anónima (NICA, SA) - Avianca Nicaragua ( 6Y ) previously NICA (Aeronica) , Sandino , Managua , Nicaragua 
30. Regional Express Américas SAS - Avianca Express ( EX ) , El Dorado , Bogotá , Colombia 
31. Ronair NV
32. Servicio Terrestre, Aereo y Rampa SA
33. Servicios Aeroportuarios Integrados SAI SAS
34. Taca de Honduras, SA de CV
35. Taca de México, SA
36. TACA International Airlines SA - TACA as Avianca El Salvador ( TA ) , Comalapa , San Salvador , El Salvador 
37. Taca SA
38. Tampa Cargo SAS - Avianca Cargo ( QT ) , José Maria Córdova , Medellín , Colombia 
39. Technical and Training Services, SA de CV

In addition, Avianca was forced to cease operations of Avianca Perú , which previously belonged to the holding company, and began liquidating the company on May 20, 2020.

Web links

• Avianca Holdings website (English, Spanish)
• Aerial Combat: United Airlines Ejects Avianca Chairman Efromovich, Replaces Him With Arch-Nemesis Kriete Financecolombia, May 27, 2019 (English)

Individual evidence

1. ↑ ^{a b} About Avianca Holdings SA (English) accessed on December 19, 2017
2. ↑ United Airlines forces change of control at Avianca aerotelegraph.com, accessed on May 27, 2019
3. ↑ Anko Van Der Werff es el nuevo CEO de Avianca tras dejar su cargo en Aeroméxico larepublica.co, from September 12, 2019 (Spanish)
4. ↑ Adrian Neuhauser, Chief Financial Officer, Avianca Holdings SA bloomberg.com, accessed on January 17, 2020 (English)
5. ↑ La historia del golpe al poder del mayor socio de Avianca Holdings eltiempo.com, accessed on May 27, 2019
6. ^ Resistance Builds To Avianca's Appeal For Colombian Governmental Bailout financecolombia.com. Accessed May 4, 2020 (en)
7. ↑ Company Overview of Avianca Holdings SA bloomberg.com, accessed on May 27, 2019 (English)
8. ↑ Avianca transportó 30.5 millones de pasajeros portafolio.co, accessed on February 15, 2019 (Spanish)
9. ↑ Man Who Saved Second-Oldest Airline Drives It Back to the Brink bloomberg.com, accessed May 27, 2019 (en)
10. ^ Passenger transportation . aviancaholdings.com. Retrieved February 15, 2019
11. ^ Avianca Declares Bankruptcy - What's Next For The Colombian Airline? In: simpleflying.com. May 10, 2017, accessed May 27, 2020 . 
12. ↑ United Triggers Fight for Avianca With Bid to Oust Chairman bloomberg.com, accessed May 27, 2019 (en)
13. ↑ Star Alliance website with the new members AviancaTaca accessed May 28, 2019 (en)
14. ↑ ANNUAL REPORT 2017 Avianca Holdings SA Bogotá DC March 2018 avianca.com, accessed on August 12, 2018
15. ↑ Avianca se acoge a la ley de bancarrota en Estados Unidos por el impacto económico de la pandemia. elpais.com. May 10, 2020, accessed May 12, 2020 (Spanish).
16. ↑ Avianca Holdings files for Chapter May 11 , 2020, accessed May 30, 2020 . 
17. ↑ Avianca's subsidiary in Peru entered the dissolution and liquidation process. May 21, 2020, accessed on May 27, 2020 .