Avianca Holdings S.A. has signed a Memorandum of Understanding (MoU) with Airbus for 100 A320neo Family aircraft. Avianca will base its fleet renewal strategy on the A320neo Family. “After a thorough technical evaluation, we selected the A320neo Family for its excellent fuel efficiency, reliability and comfort,” said Fabio Villegas Ramirez, Avianca Chief Executive Officer. “These qualities are essential to further our growth and fleet modernization strategy and improve our passenger experience.”