Changes in Avianca Group's management team:

As of January 2024, Adrian Neuhauser will assume as CEO of Abra Group, maintaining a role as Executive Vice-Chairman of Avianca; Frederico Pedreira will assume as CEO and President of the airline

Bogota, November 28, 2023. As of January 2024, Adrian Neuhauser will be the new CEO of Abra Group, and will continue to accompany Avianca's growth as Executive Vice-Chairman of its Board of Directors. In turn, Frederico Pedreira will assume leadership of the airline as CEO and President.

The announced changes will allow to continue aligning Abra Group’s expansion strategy with the execution of Avianca's business plan in Latin America.

Since his arrival at Avianca in 2019 as Chief Financial Officer, Neuhauser led the restructuring of the company; then, in 2021 he was appointed CEO and President; he also led the successful entry and exit process of Chapter 11; the reactivation of the post-pandemic operation in more than 26 countries; the transformation of the airline's business model to be a more efficient, sustainable and competitive company; and, most recently, its rebranding.

For his part, Pedreira joined avianca in 2021 as Chief Operating Officer and in his role, together with his team, managed to turn around the airline's operational indicators, making it a benchmark of operational excellence. He was also instrumental in the transition to Avianca's new business model.

Neuhauser stated: "I am proud of what our team has achieved at Avianca. I have full confidence in Fred and his leadership in executing Avianca's next steps, I look forward to continuing to work with him, and the entire team, for many years to come".

Pedreira said: “Thank you for the trust; I feel honored and privileged to be able to team up with the more than 13,000 people who are part of our Avianca”.