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Avianca Group International Limited
Company type Private limited Company
Industry Air transport
FoundedFebruary 2010
FounderErnesto Cortissoz
Headquarters St Albans, England, UK
( Registered office)
Bogotá, Colombia
( Corporate headquarters)
Number of locations
Key people
Frederico Pedreira ( CEO)
Roberto Kriete ( Chairman)
Products
RevenueIncrease US$ 4.3 billion (2012)
Increase US$ 198.6 million (2012)
Number of employees
+19,000
ParentAbra Group
Subsidiaries
Website www.aviancaholdings.com
Footnotes / references
fleet size: 107 (134, regional and charter) [1]
destinations: 100

Avianca Group International Limited (formerly Avianca Holdings S.A. and AviancaTaca Holding Inc.) is a pan-regional Latin American multinational airline holding company with its registered office in St Albans, England, and its global headquarters in Bogotá, Colombia. It was formed in February 2010 after a merger agreement between Avianca and TACA Airlines, the flag carriers of Colombia and El Salvador respectively, when Avianca and TACA became wholly owned subsidiaries of Avianca Holdings. TACA Airlines shareholders were given 29% and Avianca Airlines shareholders were given 71% of the shares in the new company. [2] [3] [4]

The company was previously listed on the New York Stock Exchange and the Colombia Stock Exchange as Avianca Holdings. Since its inception, the Avianca Group has expanded its portfolio of operations and brands with the acquisition of the Mexican AeroUnion in 2014. The Group also owns the Avianca Express brand and LifeMiles, the Avianca rewards program.

Operations

The company is the second largest airline holding in Latin America by revenue and fleet size after LATAM Airlines Group based in Santiago, Chile. With a fleet of 173 aircraft and more than 19,000 employees, Avianca serves over 100 destinations in America and Europe, which connect to over 750 destinations worldwide through codeshare agreements with partner airlines. Avianca carried 24.6 million passengers in 2013. [5]

Subsidiaries

Current

Former

Shareholding

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 %
  • Several pension funds plus numerous individual investors, mostly Colombian and others – 17.37%

Corporate affairs

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

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total revenue (US$ m) 3,794 4,269 4,609 4,703 4,361 4,138 4,441 4,890 4,621 1,711 336 4,047
Net profit [a] (US$ m) [9] 99 38 248 128 −139 44.2 82.0 1.1 −894 −1,094 −15.1 −322
Number of employees ( FTE) 17,360 18,071 19,153 19,961 20,485 20,449 18,641 18,338 16,707 14,568
Number of passengers [b] (m) 20.4 23.0 24.6 26.2 28.2 29.4 30.5 30.6 30.5 7.9 24.6
Passenger load factor (%) 79.6 79.6 80.5 79.4 79.7 81.1 81.7 83.0 81.7 74.1
Total aircraft 147 171 193 193 191 187 191 196 171 150 140
References [10] [11] [10] [12] [13] [12] [14] [15] [16] [17] [18] [19] [19] [20]

Paradise Papers

On November 5, 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that the company's former Chairman Germán Efromovich was linked to an offshore conglomerate used for the aero-commercial holding business with ramifications in Bermuda, Panama and Cyprus. 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, now Avianca Argentina, an aircraft company owned by Macri Group, for an amount of US$10 million. Allowing Avianca to make headway in the low-cost carrier business in Argentina. The Argentine government accepted these offshores as a financial guarantee to assign air routes to Avianca which is now being investigated by the Argentine federal justice system. [21]

Bankruptcy

On May 10, 2020, Avianca filed for Chapter 11 bankruptcy in the United States after failing to pay bondholders, becoming one of the major airlines to file for bankruptcy due to the COVID-19 pandemic crisis. [22] [23] [24]

In November 2020, the U.S. Bankruptcy Court for the Southern District of New York approved its $2 billion refinancing plan. [25] [26]

In November 2021, Avianca Holdings announced they would move their legal address from Panama to the United Kingdom, and that they would change their name to Avianca Group. [27] On December 1, 2021, Avianca emerged from Chapter 11 bankruptcy for the second time in its history. [28]

Fleet

As of January 2024, the fleet of the Avianca Group consists of the following aircraft: [29]

Aircraft In
service 		Orders Passengers Notes
C W Y+ Y Total
Airbus A319-100 10 — – 12 48 84 144 To be retired by 2024.
Airbus A320-200 79 — – 12 60 108 180
– – – 188 188 Former Viva Air Colombia aircraft.
Airbus A320neo 41 47 [30] – 12 60 108 180
– – – 188 188 Former Viva Air Colombia aircraft.
Boeing 787-8 14 2 [31] 28 – – 222 250
Cargo fleet
Airbus A300-600RF 3 — Cargo
Airbus A330-200F 6 —
Airbus A330-200P2F — 2 [32]
Boeing 767-200ER/BDSF 2 —
Total 154 51

See also

Notes

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

References

  1. ^ fatos e números Archived April 2, 2013, at the Wayback Machine Pagina oficial da Star Alliance, Julho 2012
  2. ^ "Avianca Holdings S.A. SEC Registration". sec.report. Archived from the original on 2021-06-13. Retrieved 2021-06-13.
  3. ^ BVC: PFAVH
  4. ^ Quiénes Somos Avianca Holdings S.A. Fact Sheet Archived 2017-06-03 at the Wayback Machine, aviancaholdings.com, retrieved 16 June 2017
  5. ^ Avianca Holdings - Corporate Presentation 2014 Archived 2016-03-04 at the Wayback Machine. aviancaholdings.com. Retrieved 14 May 2015
  6. ^ "Avianca Group to leave Isleña Airlines dormant". Ch-aviation.com. Retrieved October 19, 2022.
  7. ^ Mateo Medina (3 February 2023). "Avianca vendió todas las acciones de una de sus filiales: de qué se trató el negocio". Infobae.com. Retrieved February 3, 2023.
  8. ^ "Composición Accionaria Avianca Holdings S.A." (PDF). Archived from the original (PDF) on 2019-05-26. Retrieved 2019-05-26.
  9. ^ "Avianca net profit 2014-2022". Statista. Retrieved 2023-11-14.
  10. ^ a b "2013 20-F" (PDF). annualreports.com. Retrieved November 15, 2023.
  11. ^ "2012 Annual Report" (PDF). annualreports.com. Retrieved November 15, 2023.
  12. ^ a b "2015 20-F". SEC. Retrieved November 14, 2023.
  13. ^ "2014 Annual Report" (PDF). annualreports.com. Retrieved November 14, 2023.
  14. ^ "2016 20-F". SEC. Retrieved November 14, 2023.
  15. ^ "2017 20-F". SEC. Retrieved November 14, 2023.
  16. ^ "2018 20-F". SEC. Retrieved November 14, 2023.
  17. ^ "2019 20-F". SEC. Retrieved November 14, 2023.
  18. ^ "2020 20-F". SEC. Retrieved November 14, 2023.
  19. ^ a b "Avianca 2022 Consolidated Financial Statements" (PDF). Avianca. Retrieved November 14, 2023.
  20. ^ "Avianca closed 2022 transporting more than 24.6 million travelers and the operation of more than 187,000 flights". Avianca. Retrieved November 14, 2023.
  21. ^ 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 from the original on 10 November 2017. Retrieved 10 November 2017.
  22. ^ "Avianca files for bankruptcy in the United States due to the COVID-19 crisis". Explica. 11 May 2020. Archived from the original on 16 May 2020. Retrieved 11 May 2020.
  23. ^ "Avianca Holdings files for Chapter 11". CH-AVIATION. 10 May 2020. Retrieved May 11, 2020.
  24. ^ "World's 'second oldest airline' files for bankruptcy". www.9news.com.au. 12 May 2020. Retrieved 2020-05-12.
  25. ^ Emblin, Richard (17 November 2020). "Avianca US$2 Billion refinancing plan approved by Chapter 11 court". The City Paper. Archived from the original on 2020-11-19. Retrieved 4 December 2020.
  26. ^ Visconti, Ambrogio (10 November 2020). "Avianca Holdings' $1.5 Billion DIP Financing". Global Legal Chronicle. Retrieved 4 December 2020.
  27. ^ "Colombia's Avianca to move domicile to the United Kingdom". Reuters.com. 3 November 2021. Retrieved November 3, 2021.
  28. ^ "Colombian airline Avianca says has completed bankruptcy process". Reuters. December 2021. Retrieved 5 December 2021.
  29. ^ "Avianca Group". 2023-11-12. Retrieved 2023-11-12.
  30. ^ Airbus Orders and Deliveries (XLS), monthly updated, accessed via "Orders & deliveries". Airbus. Airbus SAS. Retrieved 13 November 2023.
  31. ^ Lori Ranson. "Avianca Aims To Place More Twin-Aisle Jets On North American Routes". Aviationweek.com. Retrieved August 7, 2023.
  32. ^ "Avianca to convert two retired passenger A330-200s". Ch-aviation.com. Retrieved September 28, 2023.
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