Avianca Holdings gains $50 million loan from Kingsland Holdings

Avianca Holdings has gained a short term financing loan of $50 million from Kingsland Holdings in a bid to ensure its strategic plan continues on track. Kingsland Holdings is a common shareholder of Avianca Holdings and the financial commitment is subject to customary closing conditions, including the negotiation and execution of definitive agreements, as well as receipt of all corporate approvals by the company. The funds will further support the working capital position of the company during the continued implementation of “Avianca’s 2021” plan and the reprofiling of its liabilities. United Airlines and Kingsland Holdings have reiterated their willingness to