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Avianca Group

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Avianca Group International Limited(formerlyAvianca Holdings S.A.andAviancaTaca Holding Inc.) is a pan-regionalLatin Americanmultinationalairlineholding companywith its registered office inSt Albans,England, and its global headquarters inBogotá,Colombia.It was formed in February 2010 after a merger agreement betweenAviancaandTACA Airlines,theflag carriersofColombiaandEl Salvadorrespectively, when Avianca and TACA became wholly owned subsidiaries of Avianca Holdings. TACA's shareholders were given 29% and Avianca's shareholders were given 71% of the shares in the new company.[2][3][4]

Avianca Group International Limited
Company typePrivate limited Company
IndustryAir transport
FoundedFebruary 2010
FounderErnesto Cortissoz
HeadquartersSt Albans,England, UK
(Registered office)
Bogotá,Colombia
(Corporate headquarters)
Number of locations
Key people
Frederico Pedreira (CEO)
Roberto Kriete (Chairman)
Products
RevenueIncreaseUS$4.3 billion(2012)
IncreaseUS$198.6 million(2012)
Number of employees
+19,000
ParentAbra Group
Subsidiaries
Websiteir.avianca
Footnotes / references
fleet size: 107(134,regional and charter)[1]
destinations: 100

The company was previously listed on theNew York Stock Exchangeand theColombia Stock Exchangeas Avianca Holdings. Since its inception, the Avianca Group has expanded its portfolio of operations and brands with the acquisition of theMexicanAeroUnionin 2014. The Group also owns theAvianca Expressbrand and the rewards programLifeMiles.

Operations

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The company is the second largest airline holding inLatin Americaby revenue and fleet size afterLATAM Airlines Groupbased inSantiago,Chile.With a fleet of 173 aircraft and more than 19,000 employees, Avianca serves over 100 destinations inAmericaandEurope,which connect to over 750 destinations worldwide throughcodeshare agreementswith partner airlines. Avianca carried 24.6 million passengers in 2013.[5]

Subsidiaries

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Current

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Former

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Shareholding

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Former logo

Shareholding composition of Avianca Holding S.A. as of March 31, 2021:[8]

  • BRW Aviation LLC – 51.53 %
  • Kingsland Holdings Limited – 14.46 %
  • United Airlines– less than 1%
  • Avianca Holdings S.A – 15.64 %
  • Severalpension fundsplus numerous individual investors, mostlyColombianand others – 17.37%

Corporate affairs

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The key trends for the Avianca Group are (as of the financial year ending December 31):[9]

Total
revenue
(US$ m) 		Net profit[a]
(US$ m)[10] 		Number of
employees
(FTE) 		Number of
passengers
(m)[b] 		Passenger
load factor
(%) 		Total
aircraft 		References
2011 3,794 99 17,360 20.4 79.6 [11]
2012 4,269 38 18,071 23.0 79.6 147 [12]
2013 4,609 248 19,153 24.6 80.5 171 [11]
2014 4,703 128 19,961 26.2 79.4 193 [13][14]
2015 4,361 −139 20,485 28.2 79.7 193 [13]
2016 4,138 44.2 20,449 29.4 81.1 191 [15]
2017 4,441 82.0 18,641 30.5 81.7 187 [16]
2018 4,890 1.1 18,338 30.6 83.0 191 [17]
2019 4,621 −894 16,707 30.5 81.7 196 [18]
2020 1,711 −1,094 14,568 7.9 74.1 171 [19]
2021 336 −15.1 150 [20]
2022 4,047 −322 24.6 140 [20][21]
2023 4,771 131 19.000 54.7 82,2% 140

Paradise Papers

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On November 5, 2017, theParadise Papers,a set of confidentialelectronic documentsrelating tooffshore investment,revealed that the company's former ChairmanGermán Efromovichwas linked to an offshore conglomerate used for the aero-commercialholding businesswith ramifications inBermuda,PanamaandCyprus.Efromovich used a Panamanian offshore that hid more than 20 firms located in tax havens. The conglomerate was used by Avianca Holdings in the purchase of MacAir Jet, nowAvianca Argentina,an aircraft company owned by Macri Group, for an amount of US$10 million. Allowing Avianca to make headway in thelow-cost carrierbusiness in Argentina. The Argentine government accepted these offshores as a financialguaranteeto assign air routes to Avianca which is now being investigated by the Argentine federal justice system.[22]

Bankruptcy

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On May 10, 2020, Avianca filed forChapter 11 bankruptcyin theUnited Statesafter failing to pay bondholders, becoming one of the major airlines to file for bankruptcy due to theCOVID-19 pandemiccrisis.[23][24][25]

In November 2020, the U.S. Bankruptcy Court for the Southern District of New York approved its $2 billion refinancing plan.[26][27]

In November 2021, Avianca Holdings announced they would move their legal address fromPanamato theUnited Kingdom,and that they would change their name toAvianca Group.[28]On December 1, 2021, Avianca emerged from Chapter 11 bankruptcy for the second time in its history.[29]

Fleet

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As of August 2024,the fleet of the Avianca Group consists of the following aircraft:[30]

Aircraft In
service 		Orders Passengers Notes
C W Y+ Y Total
Airbus A319-100 8 — – 12 48 84 144 To be retired by 2024.[31]
Airbus A320-200 79 — – 12 60 108 180
– – – 188 188 FormerViva Air Colombiaaircraft.[32]
Airbus A320neo 45 43[33] – 12 60 108 180
– – – 188 188 FormerViva Air Colombiaaircraft.[32]
Boeing 787-8 15 1[34] 28 – – 222 250
20 – – 271 291
32 – – 259 291 FormerNorwegian Long Haulaircraft.[35]
Cargo fleet
Airbus A330-200F 6 — Cargo
Airbus A330-200P2F — 2[36]
Airbus A330-300P2F 1 1
Total 154 47

See also

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Notes

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  1. ^"Net profit/net loss from the period"
  2. ^"Total passengers carried"

References

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  1. ^fatos e númerosArchivedApril 2, 2013, at theWayback MachinePagina oficial da Star Alliance, Julho 2012
  2. ^"Avianca Holdings S.A. SEC Registration".sec.report.Archived fromthe originalon 2021-06-13.Retrieved2021-06-13.
  3. ^BVC:PFAVH
  4. ^Quiénes Somos Avianca Holdings S.A. Fact SheetArchived2017-06-03 at theWayback Machine,aviancaholdings, retrieved 16 June 2017
  5. ^Avianca Holdings - Corporate Presentation 2014Archived2016-03-04 at theWayback Machine.aviancaholdings. Retrieved 14 May 2015
  6. ^"Aeroperlas Ceases Operations in Panama".Centralamericadata.March 1, 2012.
  7. ^Mateo Medina (3 February 2023)."Avianca vendió todas las acciones de una de sus filiales: de qué se trató el negocio".Infobae(in Spanish).RetrievedFebruary 3,2023.
  8. ^"Composición Accionaria Avianca Holdings S.A."(PDF).Archived fromthe original(PDF)on 2019-05-26.Retrieved2019-05-26.
  9. ^"Financial Statements".Avianca Group International Limited.Retrieved2024-08-13.
  10. ^"Avianca net profit 2014-2022".Statista.Retrieved2023-11-14.
  11. ^ab"2013 20-F"(PDF).annualreports.RetrievedNovember 15,2023.
  12. ^"2012 Annual Report"(PDF).annualreports.RetrievedNovember 15,2023.
  13. ^ab"2015 20-F".SEC.RetrievedNovember 14,2023.
  14. ^"2014 Annual Report"(PDF).annualreports.RetrievedNovember 14,2023.
  15. ^"2016 20-F".SEC.RetrievedNovember 14,2023.
  16. ^"2017 20-F".SEC.RetrievedNovember 14,2023.
  17. ^"2018 20-F".SEC.RetrievedNovember 14,2023.
  18. ^"2019 20-F".SEC.RetrievedNovember 14,2023.
  19. ^"2020 20-F".SEC.RetrievedNovember 14,2023.
  20. ^ab"Avianca 2022 Consolidated Financial Statements"(PDF).Avianca.RetrievedNovember 14,2023.
  21. ^"Avianca closed 2022 transporting more than 24.6 million travelers and the operation of more than 187,000 flights".Avianca.RetrievedNovember 14,2023.
  22. ^Delfino, Emilia; Crucianelli, Sandra; Fitz Patrick, Mariel; Brom, Ricardo; Jastreblansky, Maia; Ruiz, Iván; Alconada Mon, Hugo (10 November 2017)."Paradise Papers - El entramado de más de 20 offshores detrás del desembarco de Avianca".Perfil.Archived fromthe originalon 10 November 2017.Retrieved10 November2017.
  23. ^"Avianca files for bankruptcy in the United States due to the COVID-19 crisis".Explica. 11 May 2020. Archived fromthe originalon 16 May 2020.Retrieved11 May2020.
  24. ^"Avianca Holdings files for Chapter 11".CH-AVIATION.10 May 2020.RetrievedMay 11,2020.
  25. ^"World's 'second oldest airline' files for bankruptcy".9news.au.12 May 2020.Retrieved2020-05-12.
  26. ^Emblin, Richard (17 November 2020)."Avianca US$2 Billion refinancing plan approved by Chapter 11 court".The City Paper.Archivedfrom the original on 2020-11-19.Retrieved4 December2020.
  27. ^Visconti, Ambrogio (10 November 2020)."Avianca Holdings' $1.5 Billion DIP Financing".Global Legal Chronicle.Retrieved4 December2020.
  28. ^"Colombia's Avianca to move domicile to the United Kingdom".Reuters.3 November 2021.RetrievedNovember 3,2021.
  29. ^"Colombian airline Avianca says has completed bankruptcy process".Reuters.December 2021.Retrieved5 December2021.
  30. ^"Avianca Group".2023-11-12.Retrieved2023-11-12.
  31. ^Sena, Gastón (2023-09-24)."Avianca to Retire its A319 Fleet in 2024; One Operator Left in South America".Aviacionline(in Spanish).Retrieved2023-11-12.
  32. ^abSena, Gastón (2023-06-27)."Avianca Gets All A320neos That Belonged to Failed VIVA".Aviacionline(in Spanish).Retrieved2023-11-12.
  33. ^Airbus Orders and Deliveries (XLS), monthly updated, accessed via"Orders & deliveries".Airbus.Airbus SAS.Retrieved13 November2023.
  34. ^Lori Ranson."Avianca Aims To Place More Twin-Aisle Jets On North American Routes".Aviationweek.RetrievedAugust 7,2023.
  35. ^Sena, Gastón (5 February 2024)."Avianca Takes Delivery of the First of Three Former Norwegian Boeing 787s".Avianca(Press release).
  36. ^"Avianca to convert two retired passenger A330-200s".Ch-aviation.RetrievedSeptember 28,2023.
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