Within the framework of the process for Avianca and Viva to become part of the same corporate group:

Avianca reiterates its intention and proposes alternatives to the government for the urgent rescue of Viva

• Avianca and Viva filed an appeal before the Civil Aeronautics and proposed five points that reflect the concerns of the authority and demonstrate the will to maintain the connectivity of the regions and the jobs that Viva generates in Colombia.
• Some of the proposals are: to reduce the participation of its operations in El Dorado; to maintain the Viva brand and its model, the greater number of jobs, aircraft and connectivity; and to protect fares on certain routes.
• Additionally, they expressed their interest in working together with Satena to strengthen its social role as a connector of the most remote regions of the country.
• With this appeal and its proposals, it expects to move forward urgently in the process and thus reverse the complex financial situation of Viva, its employees and suppliers.

Bogota, November 23, 2022.In line with the intention and willingness of Avianca and its shareholders to actively participate in the rescue of Viva, the two airlines filed an appeal with the Civil Aeronautics and presented to this entity and the National Government their willingness to propose solutions to resolve the concerns of the authority in its objection to the request for both companies to be part of the same business group.

The following five points were proposed in order to ensure that the air sector is truly for everyone and that the connectivity of Colombia, its regions and its travelers are the priority:

1. Decrease in participation at El Dorado de Bogotá: Return a relevant percentage of slots -landing and take-off permits- - to the Aerocivil and assign slots with assets -associates- to competitors, so that other airlines can, if they wish, grow their operations at El Dorado.
2. Viva’s Survival: Maintain the brand and its low-cost model; preserve as many jobs as possible, keep a number of its aircraft and the operation of the routes on which Viva flies exclusively.
3. Fare protection: On the three routes where both airlines will have 100% operation as a result of the transaction.
4. Promotion of regional connectivity: Offer code-sharing or interline agreements with Satena on routes where it is the sole operator, strengthening the social role of this company in making the country's isolated territories more competitive.
5. Maintenance of Viva's interline agreements: To ensure the connectivity that this company provides to passengers and other airlines.

Adrian Neuhauser, President and CEO of Avianca, commented: "We are open and ready to continue building the history of Colombia and to contribute to the strengthening of the air market so that the country is increasingly more and better connected." For this reason, we suggest various alternatives so that the authorities can study them in light of protecting the greatest number of formal jobs; maintaining the regional connectivity that Viva offers; as well as its brand and what makes it special. All this, aimed at ensuring the general welfare of air transport users, especially those who have flown for the first time thanks to Viva."

As is well known, Viva is going through a complex financial situation, as a result of the impact of two years of pandemic and exacerbated by the sharp rise in fuel prices this year, as well as the devaluation of the Colombian peso.

Avianca trusts the country's institutions to take these alternatives into account in order to protect passengers, jobs, and promote connectivity to provide Colombians with greater access to air transportation.

In the event that the final decision of the authorities makes it impossible to rescue Viva and its consequent effects, Avianca, within its current legal and operational capacity, will do its best to meet the demand and needs of the country in the event of the possible disappearance of a competitor.