Avianca leaves the Chapter 11 and presents its new business vision

Avianca salt of Capíleakage 11 And he presents his new visión of the business with which to searchá reconquer travelers from Colombia and the world.

Approved the departure of Avianca in the Court of New York of Capíleakage 11, now yesí the airínea can focus its efforts on recovering the market and returning to the expected profitability.

In a process that startsó during the más what a well-known pandemic, comes to an end and the aerosolínea looks to the future with better financial and commercial perspectives after the renegotiationón with his creditors.

As a key point of your process beá now recover the market that has had to give way to strong and growing competition, especially for the segment low cost.

In this way, during a press conference held in Bogotaá We were able to know exclusively the pillars to carryán a Avianca to meet your strategic objectivesébusiness logic.

This is the new visionón of Avianca's business

As we have seen previously, Avianca isá transforming to adapt to current market conditions and at the same time be prepared for the challengesíof the future.

under the fieldña «Avianca for all» the airínea combina up más de 100 años of experience with touches of the low cost world, but not exactly one.

¿Whaté makes it legacy?

• One of the networks más greats of the regionóN and Más complete from Colombia.
• VIP lounges.
• Long-haul flights with Boeing aircraft 787.
• Avianca Cargo as a strategic businesséwhat to followá growing.
  • During the 2021 I grew upó a 19% with a 21% más of frequencies projecting the 2022 significant growth of your network.

¿Whaté take the low cost?

• operational efficiency
• flexible product
• point to point network
• Competitive prices

What's next for Avianca between the 2021 and 2023

now with meás de $1.000 million in liquidity achieved after Capíleakage 11, they are waiting for meás changes, that in fact have already started and beán the más notable to users.

Más chairs in your fleet cabin of the Airbus A320 family advances and they are already 13 airplanes that have gone through reconfigurationón providing a 20% más capacity per flight, that in meás de 90 planes involveá an inverseón of $200 millions of dólares with 14 thousand new chairs, which is expected to be completed in November 2021.

With this, new services enterán in operation during the 2022 such as the sale of food and the implementationón of Wifi connectivity that goes hand in hand with the new seats and their USB ports.

Equally, attacking one of the más important complaints from its users, be reinforcedán the attention channelsón al púwarfare with technologyía and infrastructure to meet the enormous volume of requirements of Avianca passengers.

Flights and destinations

At the moment it operates 116 routes with close to 3.400 weekly flights, offering más de 515.000 chairs with an OTP punctuality of 90% and expect to add 50 new flights and reach meás de 200 active routes for 2023 with at least 120 airplanes in operationón.

On 2022 Opená 16 new routes throughout your network:

• Between Colombia and Aruba, Costa Rica, Ecuador, United States and México:
  • Averageín: City of México, San José, Quito, Guayaquil, Aruba and Orlando.
  • Cali a Cancún, City of México, San José and Quito.
  • Bucaramanga to: Miami.
• Between Ecuador and the United States:
  • Guayaquil to: Miami.
  • I remove to: New York and Miami.
• Between El Salvador and the United States:
  • San Salvador – Orlando.
• Between Costa Rica and Nicaragua:
  • San José – Managua.

The Ecuadorian market

Many of you asked me about whaté awaits Avianca Ecuador, between the routes already announced for the 2022 and those already started this 2021, appear in the novelty the yearálysis of flights to The Angels and Orlando, pero máDetails of what's coming in this exclusive video with Manuel Ambriz, Chief Commercial Officer de Avianca Holdings: