The following are the significant subsidiaries included within these financial statements:
| Name of Subsidiary | Country
of Incorporation |
Ownership Interest% |
||||||||
| 2017 | 2016 | |||||||||
| Avianca Ecuador S.A | Ecuador | 99.62 | % | 99.62 | % | |||||
| Aerovías del Continente Americano S.A. Avianca | Colombia | 99.98 | % | 99.98 | % | |||||
| Avianca, Inc. | USA | 100 | % | 100 | % | |||||
| Avianca Leasing, LLC | USA | 100 | % | 100 | % | |||||
| Grupo Taca Holdings Limited | Bahamas | 100 | % | 100 | % | |||||
| Latin Airways Corp. | Panama | 100 | % | 100 | % | |||||
| LifeMiles Ltd. | Bermuda | 70 | % | 70 | % | |||||
| Avianca Costa Rica S.A. | Costa Rica | 92.40 | % | 92.40 | % | |||||
| Taca International Airlines, S.A. | El Salvador | 96.84 | % | 96.84 | % | |||||
| Tampa Cargo Logistics, Inc. | USA | 99.98 | % | 99.98 | % | |||||
| Tampa Cargo S.A.S. | Colombia | 99.98 | % | 99.98 | % | |||||
| Technical and Training Services, S.A. de C.V. | El Salvador | 99 | % | 99 | % | |||||
| Trans American Airlines S.A. | Peru | 100 | % | 100 | % | |||||
| Vu–Marsat S.A. | Costa Rica | 100 | % | 100 | % | |||||