Avianca Holdings, Kingsland Holdings agree to withdraw lawsuits

Avianca Holdings S.A. and Kingsland Holdings Ltd. have agreed to withdraw their respective lawsuits filed in New York State Supreme Court, the companies said.

The parties jointly filed a stipulation with the court dismissing the actions without prejudice.

Avianca continues to negotiate a strategic alliance with United Airlines and hopes to finalize an agreement by the end of the year.

Avianca Holdings S.A. (NYSE:AVH) (BVC:PFAVH) comprises the airlines: Aerovías del Continente Americano S.A. Avianca (Avianca), Tampa Cargo S.A.S., incorporated in Colombia, Aerolineas Galapagos S.A. – Aerogal, incorporated in Ecuador, and the TACA Group companies: TACA International Airlines S.A., incorporated in El Salvador, Lineas Aereas Costarricenses S.A., LACSA, incorporated in Costa Rica, Trans Américan Airlines S.A., incorporated in Perú, Servicios Aéreos Nacionales S.A., SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, Isleña de Inversiones S.A. de C.V., ISLEÑA, incorporated in Honduras and Aviateca S.A., incorporated in Guatemala.