Hernán Rincón

Avianca Holdings S.A. announces the appointment of Mr. Álvaro Jaramillo Buitrago as interim Chief Executive Officer (CEO), until the Company finishes the recruitment process -currently in its final stage- to formalize the appointment of the new CEO. Mr. Jaramillo replaces Mr. Fabio Villegas Ramirez whose tenure as Chief Executive Officer ended on January 17, 2016 Mr. Jaramillo obtained a degree in business administration from Universidad del Norte in Barranquilla, Colombia and has served as independent member of Avianca Holdings S.A. Board of Directors since 2007. He also served as CEO of Avianca S.A. from 1991 to 1993, CEO of Banco de Colombia, among other financial institutions in Colombia.