Avianca announced on December 1, 2021 that it had successfully completed its financial restructuring process and had emerged from Chapter 11. Avianca Holdings, the prior holding company, ceased to exist as a result of this process. In its place emerged a new holding company: Avianca Group International Limited (“AGIL”), with a new business model enabling it to become Latin America’s preferred airline by consistently delivering its customer promise of safety, convenience, and affordability. AGIL is domiciled in the United Kingdom and consolidates the group's investments in all its subsidiaries, including Avianca, Avianca Cargo and LifeMiles. Its global headquarters are in Bogota, Colombia.
Lines of Business
Avianca Group provides domestic and international passenger transportation, both within the Colombian and Ecuadorian domestic markets as well as through international routes serving North, Central and South America, Europe, and the Caribbean. Avianca is the leading airline in Colombia, Ecuador, Central America and has one of the largest airline operations in Latin America with 125 routes, 3,800 weekly flights and a fleet of more than 110 Airbus 320 and Boeing 787 Dreamliner aircraft, connecting to around 65 destinations in the Americas and Europe. Since 2012, Avianca has been a member of Star Alliance, one of the world's largest global airline alliances, which provides Avianca’s customers with access to the routes, destinations, and services of the extensive Star Alliance network.
The main shareholders of Avianca and the controlling shareholder of GOL signed a historic agreement on May 11, 2022 to create Latin America’s leading air transport group under a holding structure called Abra Group Limited (“Grupo Abra”). Subject to customary regulatory approvals and closing conditions, Abra will control Avianca and GOL, bringing their iconic brands together within one group. Grupo Abra combines Avianca and GOL’s synergistic businesses, resulting in a Latin American airline network with the lowest unit cost within each respective market and with the region's leading loyalty programs. The Abra group will also have a 100% non-controlling economic interest in Viva Air's Colombia and Peru operations, as well as convertible debt representing a minority stake investment in Sky Airlines. Avianca and GOL will maintain independent brands, talent, teams, and culture while benefiting from improved efficiencies and investments under aligned common ownership.
AGIL’s Cargo Business Unit, Avianca Cargo, is a leader in the air cargo industry within several markets across the Americas, transporting perishables, textiles, pharmaceuticals, technology and more. Avianca Cargo, with a cargo fleet of six Airbus 330 freighter aircraft and belly operation in more than 100 passenger aircraft, operates within more than 50 destinations. Avianca Cargo transported more than 450,000 tons of cargo in 2022 and is the number one cargo airline, based on volume, of cargo transported currently operating from El Dorado International Airport (Bogota, Colombia) and one of the most relevant air cargo carriers at Miami International Airport (Miami, United States).
Avianca Group’s Loyalty and Frequent Traveler Program is operated by LifeMiles Ltd, which became 100% owned by Avianca in 2021. LifeMiles, one of the region’s largest Loyalty programs, facilitates the accrual and redemption of miles, of both Avianca and for a wide network of commercial partners including other airlines, banks, fashion retailers, restaurants, and others. LifeMiles has more than 11 million members and 500 commercial partners worldwide, increasing customer loyalty and attracting new customers to the airline while representing an important source of profitability and cash flow for Avianca Group. Its primary markets are Colombia, Central America, the United States, and Ecuador.
The Group has been implementing a variety of sustainability initiatives. For more information, please see AGIL’s Sustainability Report.