• As of today, the airline's management team has been strengthened and together with its more than 12,000 employees in 24 countries will continue to work for its 25 million yearly passengers.
• Pedreira and Oliva will have the challenge of maintaining the Group's positive results from the operational point of view, its cost structure, and the cargo business.
• Neuhauser will continue as CEO of Avianca and as  Deputy CEO of the ABRA Group  and will now dedicate  part of his  time to accelerating the process of consolidating the Group (Avianca and GOL) as the best option for flying in Latin America.

Bogota, September 4, 2023. Today Avianca announced important changes in its management team. Frederico Pedreira, who has served as Chief Operating Officer since 2021, will now be the company's Deputy CEO and will be immediately in charge of vital processes for Avianca, such as operations, human talent, technology, corporate communications, customer promise and institutional relations.

In turn, Gabriel Oliva, takes over as Chief Operating Officer and remains as CEO of Cargo. In his new role he will lead the areas of maintenance, safety, network and ground operations, service delivery, airports, cabin crew and pilots, while continuing to spearhead the transformation of the cargo business.

Neuhauser will continue as CEO of Avianca and thanks to these promotions, which will further strengthen the team, he will be able to continue leading strategic projects for Abra Group.

"We are very pleased to announce the promotion of Frederico and Gabriel. Without a doubt, they have been a fundamental part of the team that has helped us to become a sustainable organization that with operational efficiency as a priority has managed to connect more, transport billions of passengers and reinvent cargo operations. I am sure they will also put the focus of their management on our more than 12,000 employees around the world so that we have a team that is proud of what we have built”, said Adrian Neuhauser, CEO of Avianca and Deputy CEO of Abra Group.

Both Pedreira and Oliva have consistently shown results that have favored the change of Avianca's model towards a more efficient and sustainable company over time. Frederico joined the company in January 2021 and in a short time led a substantial improvement in operational indicators, positioning it in the world rankings for punctuality. It has also played a key role in making the company's structure more competitive and allowing more passengers to travel.

On his part, Gabriel joined the Avianca Cargo team in mid-2021 and has led the reinvention of the business unit and put it back on the map as a competitor ready to grow in the past couple of years. He also implemented an aggressive fleet plan to incorporate more A330 PTFs and moved forward with highly complex projects such as the approval of the Commercial Cooperation Agreement between Tampa Cargo and Aerounion.