Guía de Emisores Acciones BVC ● Guide of Listed Companies 2014 Guía de Emisores Acciones BVC ● Guide of Listed Co | Page 23

FABIO VILLEGAS Presidente de Avianca Holdings CEO of Avianca Holdings Fabio Villegas, president oF the conglomerate, discusses the company’s entry to the american capital market through an american depositary shares (adss) oFFer at the new york stock exchange (nyse). What is the added value offered by Avianca Holdings as a stock issuer? There are several reasons that make Avianca Holdings a solid, profitable issuer. Over the last several years we have been working on a business model with a differentiated service, strategically diversified as far as location, providing one of the best coverages in Latin America, which allows us to offer a network of routes with more than 100 destinations in 26 countries in America and Europe, served by one of the most modern, reliable fleets in the continent. We have also been able to structure a business with income generation that goes beyond selling airline tickets. To accomplish this, we strengthened the business units related to air transport. For this reason, Avianca Holdings now has a portfolio of products and services that, in addition to passenger transportation, includes cargo, courier, sales of miles, aircraft maintenance services, staff training, and tourism products, as well as services for specialized market niches. All of this has enabled us to expand and improve our income structure. It should also be noted that Avianca’s business strategy focuses PROTAGONISTAS Foto: Archivo Semana / Alejandro Acosta Foto: Cortesía Avianca AVIANCA HOLDINGS opens new route to international investments 23