In light of the colombian aviation authority objection to Avianca's and Viva's request

Avianca reiterates its intention to seek approval for supporting Viva

• Viva is going through a complex financial situation¹, as a result of the impact of two years of pandemic and increased by the sharp rise in fuel prices this year, as well as by the devaluation of the Colombian peso
• The intention and willingness of Avianca and its shareholders to actively participate in the rescue and recovery of Viva remain intact.
• Aerocivil's resolution will be analyzed in detail in order to evaluate the available alternatives.

Bogota, November 8, 2022. Avianca is concerned about the recent negative decision made by the Civil Aeronautics regarding the joint application of Avianca and Viva to be part of the same business group.

This request, which seeks to protect passengers and jobs and boost connectivity in the country, would have allowed Avianca to support Viva to turn around the financial situation1 of the low-cost airline.

Adrian Neuhauser, President and CEO of Avianca stated: "We are concerned about the direction of the decision, as it goes against the needs of the country and ignores the potential effect that the disappearance of Viva would have on users and the market. At Avianca, we reiterate our willingness to actively participate in rescuing Viva, seeking to maintain connectivity for travelers, strengthen tourism and preserve formal employment."

In view of this scenario, Avianca will make a detailed analysis of the Aerocivil's decision and will evaluate all available legal alternatives to seek the necessary approvals.

It is essential to clarify that this process is independent of the Abra Group, a project in which Avianca and GOL shareholders continue to move forward.