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26-Feb-2019 12:22 PM

Avianca to hold passenger, cargo and FFP business and sell all non-core business units

Avianca Holdings CEO Hernan Rincon, via the carrier's 4Q2018 financial results call, commented (22-Feb-2019) on the non-core assets which the carrier is seeking to offload, stating: "Our core businesses are: Passenger, cargo and loyalty. That's where we want to invest our time". He added all the other businesses that "through time became small or medium sized business for us, are not core and we will, at the right time, try to sell them all". Avianca Holdings EVP Gerardo Grajales listed call centres, training facilities travel agencies, courier business and "very small" regional carriers in central America as non-core businesses.

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