After leaving Chapter 11, a process that lasted 18 months, Avianca renewed its business model, combining a value proposition that includes attributes of the low cost model, while preserving the key differentials that have characterized the company.
Faced with the question of whether the idea that this new holding company is not listed on any stock market in the world will continue, Adrián Neuhauser, CEO of Avianca, responded that “when moving to this new structure, the company ceased to be listed, but the intention of investors is that it is listed and we will enter into discussions of how, when and where we will start with this project to define a market ”.
The company has already started operating under the name Avianca Group International Limited with domicile in the United Kingdom. The new shareholders of the company are the DIP financiers in its section B. Among them are well-known names such as the Kingsland group of El Salvador, whose president is Roberto Kriete, and the United States airline United Airlines.
The CEO of the airline pointed out that this year they will not generate profits. “We project that by the end of next year we will be flying an itinerary similar to that of 2019 with a recovery in demand and a fairly significant Ebitda, generating profits in 2023.”
Adrián Neuhauser pointed out that they are confident of having better efficiency in their operations, which translates into making better decisions such as the reconfiguration of more than 90 aircraft and the strengthening of the point-to-point network.
Reference-www.eleconomista.com.mx