Avianca informs that:

Bogotá, February 27, 2023.

1. The integration request between Viva and Avianca was filed with Aerocivil more than seven months ago. In the meantime, several events have materialized that have confirmed the critical situation of the low-cost airline: a third of its aircraft fleet has been lost; routes have been cancelled in key destinations such as San Andres, Leticia, Cali, Medellin and Cartagena; thousands of passengers have been affected; and thousands of direct and indirect jobs have been put at risk.
   
   
2. The Aerocivil in its latest resolutions and requests for information to the Parties in the framework of the Request for Business Integration of Avianca and Viva (Resolution #00079 of January 18, Resolution #00300 of February 17, Communication of February 22, Resolution #00349 of February 24, Communication of February 27, and others) has postponed the final ruling despite the critical financial situation of the request, Resolution #00349 of February 24, Communication of February 27, and others) has postponed the final ruling on the application in question, despite the critical financial situation -evident and declared- faced by the company Viva.
   
   
3. From the moment the low-cost airline’s crisis materialized, Avianca publicly offered assistance and requested the Authority to establish mechanisms to effectively protect, under the applicable regulations, passengers and communities impacted by the departure of aircraft and the cancellation of Viva's routes. To date, Aerocivil has not issued public guidelines for all airlines to offer such protection to passengers in a manner that ensures compliance with current aeronautical and tax legislation.
   
   
4. The acquisition of Viva's economic rights at the beginning of 2022 by Avianca's controlling shareholders does not grant them any control over its decisions or operations, nor does it allow them any interference in its management. The two companies have been and continue to be fierce competitors in the national and international aeronautical market, and by regulation they must remain so until the integration has been approved and executed. Therefore, in order for any aid to materialize, it is indispensable that an integration be approved, since to date both Avianca, as well as any other airline with a presence in Colombia, are prevented by Colombian regulations from injecting capital or taking measures to support Viva.
   
   
5. Once again, Avianca reiterates its total willingness to seek, together with the National Government, viable and urgent alternatives that facilitate objective scenarios to be part of the solution. At risk are the low-cost airline’s model in Colombia, thousands of jobs, hundreds of thousands of airline tickets, a dynamic aeronautical market, the benefits for the communities through direct and indirect related services, the democratization of tourism, the loss of substantial public resources due to debts of close to US$20 million that the Colombian government has guaranteed to Viva and, most importantly, to continue connecting regions that see in aviation a hope for development and social wellbeing.