Morgan & Morgan advised in connection with a Senior Secured Convertible Securities Purchase Agreement for an amount of up to US$50 million

Panama, January 9, 2020. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., Latin Airways Corp., Taca, S.A., AV International Investments, S.A., AV International Holdings S.A.,  AV International Holdco S.A., AV International Ventures S.A., AV TACA International Holdco, S.A.,  and Aviacorp Enterprises, S.A., as Note Parties in connection with the transactions contemplated by that certain Senior Secured Convertible  Securities Purchase Agreement for US$ 50,000,000.00 dated as of  January, 9, 2020, between Avianca Holdings, S.A., as Issuer,  and Citadel Equity (Ireland) DAC, as a Purchaser, among other parties.

Partners Francisco Arias, Ricardo Arias, and Aristides Anguizola participated in this transaction.