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 the Bahamas Subject: COMMERCIAL CONCESSIONS

Exhibit 4.24.15

LETTER AGREEMENT Nº 1.2

AEROVIAS DEL CONTINENTE AMERICANO S.A. AVIANCA,

Xxxxxxx Xxxxx 00

Xx. 00-00 Xxxxxx,

Xxxxxxxx

GRUPO TACA HOLDINGS LIMITED,

Winterbotham Place,

Marlborough and Xxxxx Xxxxxxx

X.X. Xxx X-0000 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 30^th 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 N^o1.2”) 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.

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

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

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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.

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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:		Xxxxxx de Saint-Exupery
Title:
Signature:		/s/ Xxxxxx 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:		Xxxxxxx Held				Name:		WND Limited
Title:		Legal Representative				Title:
Signature:		/s/ Xxxxxxx Held				Signature:		/s/ WND Limited

Date:                    

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