As of December 31, 2020, BRW Aviation owned more than ** percent of the shares of Avianca Holdings S.A., which made it the main shareholder of the company that year. Avianca is Colombia's flag carrier and it operates in several countries throughout Latin America, the Caribbean, as well as in North America and Europe.
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Avianca. (April 29, 2021). Main shareholders of Avianca Holdings S.A. in 2020, by participation [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /statistics/1093276/avianca-holdings-shareholders/
Avianca. "Main shareholders of Avianca Holdings S.A. in 2020, by participation." Chart. April 29, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /statistics/1093276/avianca-holdings-shareholders/
Avianca. (2021). Main shareholders of Avianca Holdings S.A. in 2020, by participation. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /statistics/1093276/avianca-holdings-shareholders/
Avianca. "Main Shareholders of Avianca Holdings S.A. in 2020, by Participation." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Apr 2021, /statistics/1093276/avianca-holdings-shareholders/
Avianca, Main shareholders of Avianca Holdings S.A. in 2020, by participation ÌÇÐÄÆƽâ°æ, /statistics/1093276/avianca-holdings-shareholders/ (last visited July 21, 2026)
Main shareholders of Avianca Holdings S.A. in 2020, by participation [Graph], Avianca, April 29, 2021. [Online]. Available: /statistics/1093276/avianca-holdings-shareholders/
