Avianca establishes new "regional" subsidiary

Avianca Holdings S.A. incorporated Regional Express Americas (REA), which will be headquarted in Bogota, Colombia, and operate a fleet of ATR72s domestically.

The new subsidiary company plans to provide transportation services (air, land, sea), engineering and maintenance services, as well as training and operational support in all types of transportation.

Regional Express Americas’ capital is COP$1.0 million, which has been subscribed but has not been paid.

Avianca Holdings owns 100% of the outstanding shares in REA.