RELEVANT INFORMATION
NYSE to Suspend Trading Immediately in Avianca Holdings S.A. (AVH) and Commence Delisting Proceedings
Bogota, May 12, 2020 Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) (the Company or Avianca) informs that the New York
Stock Exchange (NYSE) announced on May 11, 2020 that, as the Company believes is its customary practice, the NYSE has suspended trading in the Companys American Depositary Shares (the ADSs), each representing eight
preferred shares of the Company, as a result of the Companys filing on May 10, 2020 of voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.
The NYSE notified the Company that it will also apply to the Securities and Exchange Commission to delist the ADSs once any applicable procedures are
completed, including any appeal by the Company of the NYSE staffs decision.
Additionally, the Company informs that the Colombian Stock Exchange
(Bolsa de Valores de Colombia, BVC) notified Avianca that (i) the Companys preferred shares continue to trade on the BVC, (ii) the Companys preferred shares continue to be ineligible for repo transactions and
are inadmissible as collateral for margin calls in other types of transactions, and (iii) starting on May 11, 2020, no futures or options contracts in respect of Aviancas preferred shares may be entered into.
*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 158 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$4.6 billion in 2019 and transported
30.5 million passengers. On February 22, 2019, the Company 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 the Company was assumed by Kingsland Holdings Limited, an independent third party of United Airlines.
Investor Relations Office
+571 587 77 00 ext, 2474,
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ir@avianca.com