Avianca Holdings

Avianca Holdings S.A.

Type	Sociedad Anónima
Traded as	BVC: PFAVH NYSE: AVH
Industry	Air transport
Founded	2010
Headquarters	Bogotá, Colombia
Key people	Germán Efromovich, (Chairman) Hernan Rincón, (CEO) Santiago Andrés Diago, (COO)
Products	Air passenger transport (Avianca) Air cargo transport (Avianca Cargo) Ground cargo transport and courier (Avianca Deprisa) Aircraft maintenance and staff training (Avianca Services) Frequent-flyer program (Avianca LifeMiles) Travel and holiday services (Avianca Tours) Air taxi and charter services (Avianca Taxi)
Revenue	US$ 4.3 billion (2012)
Profit	US$ 198.6 million (2012)
Number of employees	19,000
Parent	Synergy Group
Subsidiaries	Avianca Colombia Avianca Peru Avianca El Salvador Avianca Costa Rica Avianca Ecuador Avianca Nicaragua Avianca Honduras Avianca Guatemala Avianca Philippines (proposed) Avianca Cargo Avianca Taxi
Website	www.aviancaholdings.com

Avianca Holdings (formerly AviancaTaca AirHoldings Inc.) is a Latin American airline holding company formed in February 2010 by the merger of two airlines, Avianca from Colombia and TACA Airlines from El Salvador. The company is a subsidiary of Synergy Group, a South American conglomerate based in Rio de Janeiro, Brazil. Avianca Holdings S.A. is headquartered in Bogotá, Colombia.^[1]^[2]^[3]

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 157 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.^[4] The company's main competitors are LATAM Airlines Group, Gol Transportes Aéreos and Azul Brazilian Airlines.

Avianca Headquarters in Bogotá, D.C.

Shareholding composition of Avianca Holding S.A. as of September 30, 2016:^[5]

Synergy Aerospace Corp. (Efromovich Family) - 51,53%
Avianca Holdings S.A. ADR PROGRAM - 12,56%
Kingsland Holdings Ltd. (Kriete Family) - 14.46%
Norges Bank - 0.65%
Several pension funds plus numerous individual investors, mostly Colombian and others - 20,8%

Components of the COLCAP Index

Almacenes Éxito Avianca Holdings Banco de Bogotá Bancolombia Canacol Energy Celsia Cementos Argos Cemex LatAm Holdings Colombia Stock Exchange Corficolombiana Davivienda Ecopetrol Empresa de Energía de Bogotá Grupo Argos Grupo Aval Grupo Nutresa Grupo Sura Interconexión Eléctrica Pacific Rubiales Energy

IGBC companies of Colombia

Argos Avianca Holding Banco de Bogotá Banco de Occidente Bancolombia Bolsa de Valores de Colombia Cemex LatAm Holdings Corficolombiana Davivienda Ecopetrol ETB Grupo Argos Grupo Aval Grupo Éxito Grupo Nutresa Odinsa Pacific Rubiales Energy

Colombia	Avianca Avianca Cargo Avianca Services Avianca Tours LifeMiles Deprisa Helicol

South America	Avianca Argentina Avianca Brazil Avianca Ecuador Avianca Peru Avianca Taxi (Synerjet + Senior Táxi Aéreo)

Central America	Avianca Costa Rica Avianca El Salvador Avianca Guatemala Avianca Honduras Avianca Nicaragua

Key people

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