2029 Century Park East, 33rd Floor You further agree that by utilizing this site, your rights and obligations, as well as the rights and obligations of KCC, shall be governed, at KCC's sole discretion, by the laws of the State of California. To date, Avianca Cargo is the number one cargo airline operating from El Dorado Airport (Bogota, Colombia), based on volumes of cargo and freight transported, and one of the most relevant air cargo carriers at the Miami International Airport (Miami, United States). To request a hard copy of Avianca Holdings S.A. audited financial statements or to confirm or clarify this press release, please contact Investor Relations of Avianca Holdings S.A. Our experience is the best starting point as we strive towards new goals. As a general matter, forward-looking statements are those focused on future or anticipated events or trends, expectations, and beliefs including, among other things, the Company's expectations with respect to its Chapter 11 proceedings, the airline industry and the impacts of COVID-19. Key elements of our business strategy include: Avianca is the oldest continuously-operating airline in the world. We greatly appreciate the dedication of our employees to Avianca and to serving the more than 30 million passengers that fly our airline each year. Forward-looking statements in this press release are not guarantees of future performance and involve risks and uncertainties, including with respect to the Chapter 11 process, related negotiations and hearings before the Bankruptcy Court, as well as the COVID-19 crisis. By using this site, you consent to the terms of KCC's Terms of Use and Privacy Statement regarding the use and processing of personal information, and any and all other terms that may be set forth on this site concerning the collection of personal information. You must click the link in the email to activate your subscription. With more than 21,000 employees, Avianca Holdings had revenues of US$4.6 billion in 2019 and transported 30.5 million passengers. Los Angeles, CA 90067 Tampa Cargo serves more than a hundred destinations through its Airbus A330, A300F and the Boeing 767F fleet as well as within the bellies of Avianca’s passenger fleet aircraft. Actual results may differ materially from those projected in this press release for numerous reasons, including factors outside of the Company's control. For more information, customers can click here. F: (212) 530-5219 AviancaTaca Holding, S.A. On March 3, 2011 changed its registered offices from Bahamas to Panama. KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice. Avianca: Luca Pfeifer, Head of Investor Relations ir@avianca.com(571) (5877700), Avianca: Viviana Escobar, Corporate Communications viviana.escobar@avianca.com, Joele Frank, Wilkinson Brimmer Katcher: Leigh Parrishlparrish@joelefrank.com +1 212 355 4449, LLYC: Alejandra Aljure, Director aaljure@llorenteycuenca.com, View original content:https://www.prnewswire.com/news-releases/avianca-holdings-sa-files-motion-for-approval-by-us-court-of-approximately-us-2-0-billion-in-debtor-in-possession-dip-financing-301135171.html, Registration on or use of this site constitutes acceptance of our, Warren Buffett has repeatedly defended his right to be political, yet he still hasn't endorsed Joe Biden », Online sales are set to surge at an unprecedented rate this holiday season as shoppers avoid stores and buy online in droves ». Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) (the “Company” or “Avianca”) and certain of its subsidiaries and affiliates today filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York to preserve and reorganize Avianca’s businesses. NIT 890.100.577-6. Avianca Holdings S.A.’ first issuance (IPO) on the Colombian Stock exchange took place on March 14th, 2011. Each ADR represents 8 preferred shares. Commerce Policy | Check all the current protection measures for our travellers. Please check them or write us to LifeMiles Support.
The Company also provides ground operations for third-party airlines at certain airport hubs. https://www.milbank.com, ©2020 KCC | Terms of Use | Privacy Statement. Forward-Looking Statements Avianca has included statements in this press release that constitute "forward-looking statements". After submitting your information, you will receive an email. Restructure the Company’s balance sheet and obligations to enable Avianca to navigate the effects of the COVID-19 pandemic as well as comprehensively address liabilities, leases, aircraft orders and other commitments. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Tampa Cargo S.A., Avianca’s Cargo Business Unit, provides airfreight carrier and cargo transportation solutions throughout North, Central and South America, Europe, and the Caribbean. As of June 30, 2020, the distribution of Avianca Holdings S.A shares was: Details are given below of our Executive Committee, as at February 2020. The financing is subject to U.S. Court approval, with a hearing scheduled for October 5, 2020, and other customary conditions. The DIP financing – inclusive of rollups of existing debt and purchase loan consideration – is expected to be approximately US$ 2.0 billion, consisting of a US$ 1.27 billion Tranche A senior loan and a US$ 722 million Tranche B subordinated loan. Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website. About Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH). Otherwise you can search in the menu. To request a hard copy of Avianca Holdings S.A. audited financial statements or to confirm or clarify this press release, please contact Investor Relations of Avianca Holdings S.A. Gallery. The Chapter 11 process is a well-established legal process in the United States of America that is recognized by other countries around the world. Court filings and other documents related to the Chapter 11 process in the U.S. are available on a separate website administered by Avianca’s claims agent, Kurtzman Carson Consultants (“KCC”), at www.kccllc.net/avianca. On February 22, 2019, Avianca Holdings 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. Readers are cautioned not to put undue reliance on such forward-looking statements. Inquiries & Comments. T: (212) 668-2870 T: (424) 386-4000 This decision supports essential right-sizing efforts and will allow Avianca to renew its focus on core markets upon emergence from its court-supervised reorganization. Both tranches are secured by a lien on all available collateral, with Tranche B subordinated in right of repayment to Tranche A. New York, NY 10004-1408 Notice of Additional Omnibus Hearing Dates, Notice of Establishment of Omnibus Hearing Dates, Agenda As of today, passenger transport accounts for about 80% of Avianca Holdings S.A. consolidated revenues. Electronic mail or other communications through this website or otherwise to KCC or any party in connection with any matter will not be treated as privileged or confidential. Such statements are intended to be identified by words such as "believe," "expect," "intend," "estimate," "anticipate," "will," "project," "plan" and similar expressions in connection with any discussion of future operating or financial performance. Latin American conglomerate, the Synergy Group, is the largest single shareholder, with the second largest being the Kriete family (former owners of Grupo TACA). If you do not agree to these terms, you should not use this site. Career Opportunities Track a Shipment. Avianca Holdings S.A. Receives U.S. Court Approval to Access US$ 2.0 Billion Debtor-In-Possession (“DIP”) Financing, Avianca Holdings S.A.
All shareholders of Avianca Holdings S.A. may request, free of charge, a hard copy of Avianca’s complete audited financial statements filed with the SEC. In 2016 it celebrated 97 years of connecting Latin America together and linking it with the world.
Milbank LLP Avianca operates a “coalition loyalty program”; a loyalty card system, packaging customer benefits into a single customer loyalty program which offers our customers important incentives.
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