Document:

EX-4.24.14

 Exhibit 4.24.14 

LETTER AGREEMENT No 2.8 
 AEROVIAS DEL
CONTINENTE AMERICANO S.A. AVIANCA, 
 Avenida Calle 26 
 No. 59-15 Bogota, 
 Colombia 

GRUPO TACA HOLDINGS LIMITED, 
 Winterbotham Place, 

Marlborough and Queen Streets 
 P.O. Box N-3026 Nassau, 
 the Bahamas 

Subject: [****************************] 
 GRUPO TACA HOLDINGS
LIMITED (“GTH”), AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA (“Avianca”, and together with GTH, the “Buyer”) and AIRBUS S.A.S. (the
“Seller”) have entered into an A320neo Family Purchase Agreement (the “Agreement”) on 30th April, 2015, as amended and supplemented from time to time)
which covers, among other things, the manufacture and the sale by the Seller and the purchase by the Buyer of the Aircraft under the terms and conditions in said Agreement. 

The Buyer and the Seller have agreed to set forth in this letter agreement N°2.8 (the “Letter Agreement N°2.8”) certain
additional terms and conditions regarding the Aircraft. 
 Capitalized terms used herein and not otherwise defined in this Letter Agreement N°2.8 shall
have the meanings assigned thereto in the Agreement. 
 If there is any inconsistency between the provisions of the Agreement and the provisions of this
Letter Agreement N°2.8 then the provisions of this Letter Agreement N°2.8 will prevail. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 1 of 6

 LETTER AGREEMENT No 2.8 

 
  

	0	 PREAMBULE 

The Buyer and the Seller wish to [***********] convert certain Aircraft [************]. 

This Letter Agreement N°2.8 documents the amendments to the Agreement agreed between the Parties to achieve this objective. 

 

	1	 AMENDED PROVISIONS 

 

	1.1	 The Appendix 9 to the Letter Agreement N°2 of the Agreement, as amended from time to time, is hereby
deleted in its entirety and replaced by the Appendix 9 attached hereto, [*******************]. 

  

	2	 ASSIGNMENT 

Except as provided in Clause 21 of the Agreement, this Letter Agreement N°2.8 is not transferable, and the Buyer’s rights under this
Letter Agreement N°2.8 shall not be assigned, sold, transferred or otherwise alienated by operation of law or otherwise to any person other than the Buyer. Any unauthorised assignment, sale, transfer or other alienation of the Buyer’s
rights under this Letter Agreement N°2.8 with respect to any Aircraft will be void and without effect. 
  

	3	 CONFIDENTIALITY 

This Letter Agreement N°2.8 (and its existence) shall be treated by both parties as confidential in accordance with Clause 22.15 of the
Agreement. 
  

	4	 COUNTERPARTS 

This Letter Agreement N°2.8 may be signed in any number of separate counterparts. Each counterpart, when signed and delivered (including
counterparts delivered by facsimile transmission) shall be an original, and the counterparts together shall constitute one and the same instrument. 
  

	5	 EFFECT OF AMENDMENT 

Except as expressly amended by this Letter Agreement N°2.8, the Agreement continues and shall remain in full and unvaried force and effect
and each party hereto acknowledges and agrees that the Agreement, as amended hereby, constitutes its legal, valid and binding rights and obligations enforceable in accordance with its terms. From and after the date hereof, each and every reference
in the Agreement to “this Agreement”, “herein”, “hereof” or similar words and phrases referring to the Agreement or any word or phrase referring to a section or provision of the Agreement is deemed for all purposes to
be reference to the Agreement or such section or provision as the same may be amended pursuant to this Letter Agreement N°2.8. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 2 of 6

 LETTER AGREEMENT No 2.8 

 
  

	6	 INTERPRETATION AND LAW 

THIS LETTER AGREEMENT N°2.8 SHALL BE GOVERNED BY AND CONSTRUED AND THE PERFORMANCE THEREOF SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION. 

THE PARTIES AGREE THAT CLAUSE 22.6 OF THE AGREEMENT SHALL APPLY TO THIS LETTER AGREEMENT N°2.8. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 3 of 6

 LETTER AGREEMENT No 2.8 

 
 If the foregoing correctly sets forth our understanding, please execute three
(3) originals in the space provided below and return one (1) original of this Letter Agreement N°2.8 to the Seller. 
 Agreed and Accepted

 For and on behalf of 
 AIRBUS S.A.S. 

 

			
	 Name:
	 	 Benoit de Saint-Exupery

		
	 Title:
	 	  

		
	 Signature:
	 	 /s/ Benoit de Saint-Exupery

  

			
	 Agreed and Accepted
	 	      Agreed and Accepted
		
	 For and on behalf of
	 	      For and on behalf of
		
	 AEROVIAS DEL CONTINENTE

AMERICANO S.A. AVIANCA.
	 	      GRUPO TACA HOLDINGS LIMITED

											
						
	 Name:
	 	 Roberto Held
	 		 	Name:	  	 WND Limited
	  	
						
	 Title:
	 	 Legal Representative
	 		 	Title:	  	  
	  	
						
	 Signature:
	 	 /s/ Roberto Held
	 		 	Signature:	  	 /s/ WND Limited
	  	

 Date: March 15, 2019 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 4 of 6

 APPENDIX 9 
  

 

	9	 DELIVERY 

  

	9.1	 Delivery Schedule 

 

	9.1.1	 Subject to Clauses 2, 7, 8, 10, 11 and 18, the Seller shall have the Aircraft Ready for Delivery at the
Delivery Location within the following scheduled delivery period (the “Scheduled Delivery Period”): 

[******************************] 
  

	9.1.2	 [****************************] 

For the purpose of Clause 5.3 of the Agreement, until a Scheduled Delivery Month has been notified pursuant to [***********], the Scheduled
Delivery Month of an Aircraft shall be deemed (a) the [*************] of its Scheduled Delivery Period when such Scheduled Delivery Period is [******], and (b) [************] of its Scheduled Delivery Period when such Scheduled Delivery Period
is a quarter. 
  

	9.1.3	 [**********************] 

 

	9.2	 Delivery Process 

 

	9.2.1	 The Buyer shall, [*********************] after the date on which the Aircraft is Ready for Delivery, sign the
Certificate of Acceptance, pay the Balance of the Final Price, send its representatives to the Delivery Location, take Delivery of the Aircraft and fly the Aircraft away from the Delivery Location. 

 

	9.2.2	 The Seller shall deliver and transfer [***] title to the Aircraft to the Buyer free and clear of all liens,
claims, charges, security interests and all encumbrances of any kind whatsoever (except for any liens or encumbrances created by or on behalf of the Buyer) provided that (i) the Balance of the Final Price and any other amounts [***] have been
paid by the Buyer to the Seller and (ii) the Certificate of Acceptance has been signed and delivered to the Seller pursuant to Clause 8.3. The Seller shall provide the Buyer with a bill of sale in the form of Exhibit E (the “Bill of
Sale”) and/or such other documentation [***] confirming transfer of [******] title and receipt of the Final Price as may reasonably be requested by the Buyer. Title to and risk of loss of or damage to the Aircraft shall pass to the Buyer at
Delivery. 

 Delivery (“Delivery”) shall be deemed to have occurred when (i) and (ii) above have
occurred; and the Seller has provided the Buyer with the Bill of Sale [***]. 
  

	9.2.3	 [***] 

  

	9.3	 Fly away 

  

	9.3.1	 The Buyer and the Seller shall co-operate to obtain any licenses,
[************] which may be required by the Aviation Authority of the Delivery Location for the purpose of exporting the Aircraft. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 5 of 6

 APPENDIX 9 
  

 

	9.3.2	 [*****************************] 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 2.8 – March 2019 - Page 6 of 6EX-4.24.15

 Exhibit 4.24.15 

LETTER AGREEMENT No 1.2 
 AEROVIAS DEL
CONTINENTE AMERICANO S.A. AVIANCA, 
 Avenida Calle 26 
 No. 59-15 Bogota, 
 Colombia 

GRUPO TACA HOLDINGS LIMITED, 
 Winterbotham Place, 

Marlborough and Queen Streets 
 P.O. Box N-3026 Nassau, 
 the Bahamas 

Subject: COMMERCIAL CONCESSIONS  
 GRUPO TACA HOLDINGS
LIMITED (“GTH”), AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA (“Avianca”, and together with GTH, the “Buyer”) and AIRBUS S.A.S. (the
“Seller”) have entered into an A320neo Family Purchase Agreement (the “Agreement”) dated 30th April, 2015, (as amended and supplemented from time to
time) which covers, among other things, the manufacture and the sale by the Seller and the purchase by the Buyer of the Aircraft under the terms and conditions in said Agreement. 

The Buyer and the Seller have agreed to set forth in this letter agreement N°1.2 (the “Letter Agreement No1.2”) certain additional terms and conditions regarding the Aircraft. 
 Capitalized terms
used herein and not otherwise defined in this Letter Agreement N°1.2 shall have the meanings assigned thereto in the Agreement. 
 If there is any
inconsistency between the provisions of the Agreement and the provisions of this Letter Agreement N°1.2 then the provisions of this Letter Agreement N°1.2 will prevail. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 1.2 – March 2019 - Page 1 of 4

 LETTER AGREEMENT No 1.2 

 
  

	0	 PREAMBULE 

This Letter Agreement N°1.2 deletes and replaces in its entirety the Letter Agreement N°1.1 of the Agreement and supersedes the
Parties’ rights and obligations under Letter Agreement N°1.1 of the Agreement. 
  

	1	 PURCHASE INCENTIVES 

 

	1.1	 [************] Credit Memorandum 

The Seller shall grant to the Buyer, at [************] of each Aircraft, a credit memorandum (the “[*************] Credit
Memorandum”) in an amount of, respectively: 
 The ********* Credit Memorandum is expressed in [************] and shall be
subject to revision up to the delivery date of the relevant Aircraft in accordance with the Airframe Price Revision Formula. 
  

	1.2	 [****************] Credit Memorandum 

In consideration of the significant volume of aircraft from the Seller already purchased or operated by the Buyer and its affiliates
[***************], a credit memorandum [************] Credit Memorandum”) in an amount of: 
 [******************] 

The [***********] Credit Memorandum is expressed [************] conditions and shall be subject to revision up to the delivery date of the
relevant Aircraft in accordance with the Airframe Price Revision Formula. [**************]. 
  

	1.3	 Airbus Training [************] 

[***************] 
  

	1.4	 [************] Credit Memorandum 

 

	1.4.1	 The Seller shall make available to the Buyer, [***************] a credit memorandum ([*******] Credit
Memorandum”) [*******************] 

  

	1.5	 Customer [************] Credit Memoranda 

The Seller shall make available to the Buyer, [*******************] an additional credit memorandum (the “Customer Support Credit
Memorandum”) [*******************] 
  

	1.6	 Price Revision [*******************] 

[***************] 
  

	2	 SPECIAL [**************] 

[****************] 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 1.2 – March 2019 - Page 2 of 4

 LETTER AGREEMENT No 1.2 

 
  

	3	 ASSIGNMENT 

Except as provided in Clause 21 of the Agreement, this Letter Agreement N°1.2 is not transferable, and the Buyer’s rights under this
Letter Agreement N°1 to Amdt.1 shall not be assigned, sold, transferred or otherwise alienated by operation of law or otherwise to any person other than the Buyer. Any unauthorised assignment, sale, transfer or other alienation of the
Buyer’s rights under this Letter Agreement N°1.2 with respect to any Aircraft will be void and without effect. 
  

	4	 CONFIDENTIALITY 

This Letter Agreement N°1.2 (and its existence) shall be treated by both parties as confidential in accordance with Clause 22.15 of the
Agreement. 
  

	5	 COUNTERPARTS 

This Letter Agreement N°1.2 may be signed in any number of separate counterparts. Each counterpart, when signed and delivered (including
counterparts delivered by facsimile transmission) shall be an original, and the counterparts together shall constitute one and the same instrument. 
  

	6	 EFFECT OF AMENDMENT 

Except as expressly amended by this Letter Agreement N°1.2, the Agreement continues and shall remain in full and unvaried force and effect
and each party hereto acknowledges and agrees that the Agreement, as amended hereby, constitutes its legal, valid and binding rights and obligations enforceable in accordance with its terms. From and after the date hereof, each and every reference
in the Agreement to “this Agreement”, “herein”, “hereof” or similar words and phrases referring to the Agreement or any word or phrase referring to a section or provision of the Agreement is deemed for all purposes to
be reference to the Agreement or such section or provision as the same may be amended pursuant to this Letter Agreement N°1.2. 
  

	7	 INTERPRETATION AND LAW 

THIS LETTER AGREEMENT N°1.2 SHALL BE GOVERNED BY AND CONSTRUED AND THE PERFORMANCE THEREOF SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAWS PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION. 

THE PARTIES AGREE THAT CLAUSE 22.6 OF THE AGREEMENT SHALL APPLY TO THIS LETTER AGREEMENT N°1.2. 

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 1.2 – March 2019 - Page 3 of 4

 LETTER AGREEMENT No 1.2 

 
 If the foregoing correctly sets forth our understanding, please execute three
(3) originals in the space provided below and return one (1) original of this Letter Agreement N°1.2 to the Seller. 
 Agreed and Accepted

 For and on behalf of 
 AIRBUS S.A.S. 

 

			
	 Title:
	 	 Benoit de Saint-Exupery

		
	 Title:
	 	  

		
	 Signature:
	 	 /s/ Benoit de Saint-Exupery

  

			
	 Agreed and Accepted
	 	      Agreed and Accepted
		
	 For and on behalf of
	 	      For and on behalf of
		
	 AEROVIAS DEL CONTINENTE

AMERICANO S.A. AVIANCA.
	 	      GRUPO TACA HOLDINGS LIMITED

											
						
	 Name:
	 	 Roberto Held
	 		 	Name:	  	 WND Limited
	  	
						
	 Title:
	 	 Legal Representative
	 		 	Title:	  	  
	  	
						
	 Signature:
	 	 /s/ Roberto Held
	 		 	Signature:	  	 /s/ WND Limited
	  	

 Date:                    

  

			
	 CT 1307579
 A320neo Family PA - April 30,
2015
	  	 LA 1.2 – March 2019 - Page 4 of 4

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