Avianca Holdings S.A. Holds No Interest In Avianca Argentina

Published on : Thursday, March 9, 2017

AviancaIn response to some news versions that associate Avianca Holdings S.A. with Avianca Argentina, the company would like to clarify that Avian Lineas Aereas S.A., commercially known as Avianca Argentina, is an investment of Synergy Group, which holds no interest in Avianca Holdings S.A.

 

Following this statement, it is important to clarify that:

 

Background

In 2016, Synergy Group – the controlling shareholder of Avianca Holdings S.A. – confirmed the purchase of the Argentinian charter airline then known as Macair. In development of this project, Synergy Group registered this company with the corporate name of Avian Lineas Aereas S.A., while simultaneously entering into a brand licensing agreement with Avianca Holdings S.A. to use the “Avianca” commercial brand. Therefore, although the commercial brand is “Avianca Argentina”, its operation and actions are fully separate and independent from Avianca Holdings S.A.

 

Source:- Avianca

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