Avianca Holdings Responds to Court's Ruling against Kingsland

New York State Supreme Court stays all discovery pending review of Avianca’s motion to dismiss Kingsland’s lawsuit

Avianca pleased with ruling

Avianca’s strategic negotiations with United Airlines are ongoing

NEW YORK & BOGOTA, Colombia--()--Today the Hon. Anil C. Singh stayed all discovery in Kingsland Holdings Ltd.’s lawsuit attempting to prevent Avianca Holdings S.A.’s strategic alliance with United Airlines.

In doing so, the Court rejected Kingsland’s request for expedited discovery, which Avianca believes was intended solely to derail the Company’s negotiations with United. Avianca continues to explore an alliance with United, a critical component of the Company’s strategy to become the leading Latin American airline.

Avianca is pleased with today’s outcome and looks forward to the Court’s consideration of its motion to dismiss Kingsland’s lawsuit. Avianca believes the lawsuit is entirely baseless and without merit.

About Avianca Holdings S.A.

Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) comprises the airlines: Aerovías del Continente Americano S.A. Avianca (Avianca), Tampa Cargo S.A.S., 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, Trans Américan 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.

Contacts

Laurie Hays
Brunswick Group
+1 212-333-3810
lhays@brunswickgroup.com
or
Dario Vargas
Dattis
+57 318-238-7886
dario.vargas@dattis.com

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