Since its inception, the Avianca Group has expanded its portfolio of operations and brands with the acquisition of the Mexican AeroUnion in 2014.

The Group also owns the Avianca Express brand and the rewards program LifeMiles.

[5] Shareholding composition of Avianca Holding S.A. as of March 31, 2021:[8] The key trends for the Avianca Group are (as of the financial year ending December 31):[9] On November 5, 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that the company's former Chairman Germán Efromovich was linked to an offshore conglomerate used for the aero-commercial holding business with ramifications in Bermuda, Panama and Cyprus.

Allowing Avianca to make headway in the low-cost carrier business in Argentina.

[23][24][25] In November 2020, the U.S. Bankruptcy Court for the Southern District of New York approved its $2 billion refinancing plan.