Avianca announced its succession plan for the airline. Frederico Pedreira will step down from his role as Chief Executive Officer, effective February 28th, 2026, after five years with the air 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.

Gabriel Oliva has over 20 years of leadership experience, 14 of them in the aviation industry. He joined Avianca in 2021 as CEO of Avianca Cargo, where he repositioned the business unit as a regional leader, and later became Avianca’s Chief Operating Officer. Under his leadership, and with an integrated vision of the business, cargo and passengers, he strengthened operational safety, efficiency, and customer experience. Before joining Avianca, he had several different senior executive positions across multinational organizations.

Avianca remains focused on executing its strategic plan, delivering consistent results, and continuing to serve millions of travellers with efficiency.