Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) has reported to the US Securities and Exchange Commission and the Colombian stock exchange, Bolsa de Valores de Colombia that according to its stock ledger, in respect of its ordinary shares, and the information received from Deposito Centralizado de Valores de Colombia Deceval S.A., in its capacity as depositary for its preferred shares including in respect of the Company’s ADRs, the Company’s ownership structure as of May 31, 2020 was as follows:

Avianca Holdings S.A. Ownership Structure, May 31, 2020, 25 Largest Shareholders

No. #	Shareholder	Ordinary Shares	Preferred Shares	Total Shares	Participation %
1	BRW AVIATION LLC	515,999,999		515,999,999	51.53
2	KINGSLAND HOLDINGS LIMITED	144,800,003		144,800,003	14.46
3	AVIANCA HOLDINGS S.A. ADR PROGRAM		179,542,520	179,542,520	17.93
4	ERFOST S.A.S.		5,805,392	5,805,392	0.58
5	MADRID VASQUEZ LUIS GUILLERMO		5,000,000	5,000,000	0.50
6	FIDUBOGOTA – PA PLAN INCENTI
	AVIANCA TACA HOLDING		4,320,632	4,320,632	0.43
7	ARANGO MUNOZ JUAN CARLOS		2,639,964	2,639,964	0.26
8	EMERGING MARKETS CORE EQUITY
	PORTFOLIO OF DFA INVE		2,589,650	2,589,650	0.26
9	THE EMERGING MARKETS SMALL CAP
	SERIES OF THE DFA I		2,281,786	2,281,786	0.23
10	FERNANDEZ VARON HUGO ORLANDO		1,758,207	1,758,207	0.18
11	MILLAN MENDEZ AIDA LUZ		1,670,289	1,670,289	0.17
12	DIMENSIONAL EMERGING MARKETS VALUE
	FUND		1,662,764	1,662,764	0.17
13	TANGARIFE GARCIA JULIO CESAR		1,500,000	1,500,000	0.15
14	MILLAN LOZANO ELDER		1,400,000	1,400,000	0.14
15	RAVENBIRD S.A.S.		1,201,424	1,201,424	0.12
16	PATRIMONIO AUTONOMO MCH		1,180,502	1,180,502	0.12
17	BORRERO ANGEL NICOLAS		1,162,257	1,162,257	0.12
18	CITY OF NEW YORK GROUP TRUST		1,140,874	1,140,874	0.11
19	COMPUTADORES Y SOLUCIONES CAD		1,130,929	1,130,929	0.11
20	ALTTOS S.A.S.		1,113,137	1,113,137	0.11
21	NARVAEZ GARCIA RICARDO		1,016,000	1,016,000	0.10
22	VELEZ BOTERO WILLIAM EDWIN		978,000	978,000	0.10
23	GIL BOHORQUEZ SANTIAGO		904,467	904,467	0.09
24	ALARCON PEREZ CARMENZA PATRICIA
	CRISTINA		743,000	743,000	0.07
25	PATRIMONIO AUTONOMO T.A.J.		715,618	715,618	0.07
	Others	1	119,050,505	119,050,506	11.89
	Total Shares	660,800,003	340,507,917	1,001,307,920	100.00
	Shares repurchased
	Total subscribed and paid-in Shares	660,800,003	340,507,917	1,001,307,920	100.00

Avianca is the trademark for the group of passenger airlines and cargo airlines under the holding company Avianca Holdings S.A. With a fleet of 158 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With roughly 21,000 employees, the airline earned $ 4.6 million in 2019 and carried 30.5 million passengers

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About the Author

Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.