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Avianca proposes a new formula to save Viva

Avianca presentó an appealón al Aerocivil where he proposes a new plan to save Viva y así avoid its potential closure.

Given Aerocivil's refusal to the integration proposalón of two of the más important aerolíColombian lines due to fear of market control on certain routes to be reachedían el 100% market control and potential rate increase, Avianca has prepared a new plan so that this unitón be approved.

Avianca's new plan for Viva

In línega con la intención and will to Avianca and its shareholders to actively participate in the rescue of Viva, both airídid not present an appealón before the AeronáCivil utica and presented to this entity and the National Government their dispositionón to propose solutions that resolve the concerns of the authority in its objectionón facing the request for both compañías they are part of the same business group.

In order to maintain connectivity Colombia, your regions and your travelers are the priority, the airínea proposed the following five points:

  1. decreaseónumber of participationón in El Dorado in Bogotá: Return a relevant percentage of slots – landing and takeoff permitsto Aerocivil and assign slots with assets –associates- to competitors, with the aim that other aerosolíthey can, si así they want it, grow its operations in El Dorado.
  2. Viva Survival: Keep the brand and its model low-cost; preserve the largest núgroup of jobs, retain a number of its aircraft and the operationón of the routes on which Viva flies exclusively.
  3. ProtectionóNo. of rates: On the three routes in which both airíneas come to have the 100% de operationón as a result of the transactionón.
  4. Promotion of regional connectivity: Offer cóshared words or interl agreementsílines with Satena on the routes wherever úsingle operator, strengthening the social role of this companyñía of gift más competitiveness to the isolated territories of the countryís.
  5. Maintenance of interl agreementsíViva line: To ensure the connectivity that this company provides to passengers and other airlinesídenies.

About Adrian Neuhauser, President and CEO of Avianca, commentó:

“We are open and willing to continue building the history of Colombia and to contribute to the strengthening of the market throughéprisoner so that the paíitsé every time Iás and better connected. Therefore, We put different alternatives on the table so that the authority can study them in light of protecting the largest number of formal jobs; maintain the regional connectivity offered by Viva; así like your brand and what makes it special. All this, aimed at ensuring the general well-being of transport userséreo, especially those who have flown for the first time thanks to Viva”.

How is público, Viva going through a complex situationófinancial n, product of the impact of two toñpandemic and exacerbated by the marked rise in fuel prices evident during this year.ñO, así as for the devaluationón of the Colombian peso.

Avianca confíin the institutions of the countryís so that these alternatives are taken into account with the objective of protecting passengers, jobs, and boost connectivity to give más access to transportationéprisoner to the Colombians.

In case the decisionón final decision of the authorities makes it impossible to rescue Viva and its consequent effects, Avianca, within the legal and operational capacity that it currently has, hairá everything possible to meet the demand and needs of the peopleís before the possible disappearanceón of a competitor.

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