AVIANCA MIDCO 2 PLC

1. AVIANCA MIDCO 2 PLC 2022-05-17 → present
2. AVIANCA MIDCO 2 LIMITED 2021-09-30 → 2022-05-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Warrener Stewart

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company Financial Statements have been prepared on a going concern basis. The company statement of financial position, as of December 31, 2024, reflected a net asset position of US$606,263 (December 31, 2023: $621,299) and a net current asset position of US$111,831 (December 31, 2023: US$176,262). As a result, Management is confident that the Company through ABRA has and is expected to have the adequate resources to continue its operational existence for at least the next year.”

Group structure

1. AVIANCA MIDCO 2 PLC · parent
   1. Avianca Group (UK) Limited 100% · Uk
   2. Wav Air Holdings, S.L.U. 99% · Spain
   3. Avianca Ecuador S.A. 99.62% · Ecuador
   4. Aerovías Del Continente Americano S.A. 99.98% · Colombia
   5. Grupo Taca Holding Limited 100% · Bahamas
   6. Lifemiles Ltd. 100% · Bermuda
   7. Avianca Costa Rica S.A. 92.13% · Costa Rica
   8. Taca International Airlines, S.A. 96.83% · El Salvador
   9. Tampa Cargo S.A.S 99.98% · Colombia

Significant events

• “On February 14, 2025, the Company consummated its offer to exchange any and all of its outstanding 9.000% Tranche A-1 Senior Secured Notes due 2028 for its newly issued 9.000% Senior Secured Notes due 2028.”
• “Concurrently, on February 14, 2025, the Company issued US$1,000,000,000 aggregate principal amount of its 9.625% Senior Secured Notes due 2030. The net proceeds were used to redeem in full its 9.000% Tranche A-2 Senior Secured Notes due 2028 and repay in full the loans under the credit agreement.”
• “On August 1, 2025, AVIANCA MIDCO 2 PLC, executed an amendment to the Profit Participative Loan previously granted to the borrower. The granting of an additional amount under the same Profit Participative Loan of EUR 8,206,839.97 was disbursed. As a result, the total principal amount granted under the Profit Participative Loan amounts to EUR 118,680,512.74. The Profit Participative Loan will mature on the seventh (7th) anniversary of the original effective date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -20%

  £50,146,034 → £40,105,263

• Net assets

  -2.4%

  £460,562,639 → £449,416,605

• Employees

  —

  Not reported

• Operating profit

  -0.8%

  -£4,378,058 → -£4,412,898

• Profit before tax

  +89.7%

  -£107,825,056 → -£11,146,034

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers