Avianca announced its succession plan for the airline. Frederico Pedreira will step down from his role as Chief Executive Officer, effective February 28, 2026, after five years with the company. To further strengthen the airline’s leadership structure and ensure a smooth transition, Avianca’s Board of Directors has approved the creation of a President position, to be filled by Gabriel Oliva concurrently with his COO role, effective immediately. Frederico will remain as CEO until February 28th to ensure full continuity and alignment across the organization.
Since Frederico joining Avianca in 2021 as Chief Operating Officer—and later serving as Deputy CEO and then as CEO — he has played a key role in leading the airline through a transformation that strengthened its financial position, optimized its network, and positioned Avianca as one of the region’s most competitive and efficient carriers, all while reinforcing the company’s mission to connect the region and make flying accessible to everyone. Under Frederico’s leadership, Avianca continued to grow its network to over 160 routes and 80 destinations, transporting more than 38 million passengers in 2024, and becoming a stronger, more efficient, and more accessible airline for travelers across Latin America.
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