Hernan Rincon takes over precidency of Avianca

Bogotá, April 11, 2016

The President of the Board of Directors for Avianca Holdings S.A. and the Board of Directors for Aerovías del Continente Americano S.A. Avianca, German Efromovich, introduced Hernan Rincón to the local and international media, who took over as Executive President of the Holding that groups several airlines and air services companies in Latin America and the world.

He also used this opportunity to thank Alvaro Jaramillo Buitrago, his commitment with the organization in providing direction to the Holding and Avianca during this transitional stage, marked by severe market changes.

During his presentation of the new Executive Vice President of the organization, German Efromovich said; “The introduction of Hernan Rincon as Avianca Holdings S.A. and Avianca S.A.’s highest executive coincides with a new strengthening stage for the organization, oriented towards facing changes in the macroeconomic environment, as well as the needs and wants of the modern traveler. With this in mind, we have started a rigorous selection process, making sure that we can depend on a leader with the talent, vision, creativity and leadership demanded by the organization during this new cycle that is just beginning”.

On his part, the new President of Avianca Holdings S.A. and Avianca S.A. Hernan Rincon, commented: “During the first days in Avianca, I am reassured that I made the right decision to accept the Board of Director’s invitation to be a part of this great company, whose collaborators, as well as travelers, suppliers, commercial partners and investors, have played a key role in its development during past years. With the help of the more than 21 thousand collaborators, I expect to take full advantage of the extraordinary development opportunities we have to continue growing strong and establishing Avianca’s service in the region and the world”.

About Avianca Holdings S.A.

Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) comprises the airlines: Aerovías del Continente Americano S.A. - Avianca, Tampa Cargo S.A., incorporated in Colombia, Aerolineas Galapagos S.A. - Aerogal, incorporated in Ecuador, and the TACA Group companies: TACA International Airlines S.A., incorporated in El Salvador, Lineas Aereas Costarricenses S.A. - LACSA, incorporated in Costa Rica, Transamerican Airlines S.A., incorporated in Perú, Servicios Aéreos Nacionales S.A. - SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, Isleña de Inversiones S.A. de C.V. - ISLEÑA, incorporated in Honduras and Aviateca S.A., incorporated in Guatemala.

Avianca is the commercial brand of Avianca Holdings S.A. that identifies Latin American airlines dedicated to passenger and cargo transport. With a human team comprised of more than 21,000 collaborators, the airlines directly service more than 105 destinations in 28 countries in America and Europe, with the aid of a modern fleet of 176 short, medium and long range aircraft. Through its membership in Star Alliance, Avianca’s travelers have access to destinations in 192 countries and 1.300 airports around the world. With 18.500 daily departures, passengers have access to 98% of the world’s countries. In addition to its passenger air transportation services, Avianca offers a portfolio of tourism services, cargo transport, courier and aeronautical assistance, through its Avianca Tours, Avianca Cargo, Deprisa and Avianca Services business units. In 2015 Avianca transports 28,2 million passengers. For more information, visit avianca.com, Facebook.com/aviancafanpage and @Avianca_com on twitter.