PANAMA, Jan. 20, 2010 -- Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA), has taken delivery of two new Boeing 737-800 aircraft, part of its ongoing fleet expansion process. Currently Copa Holdings has one of the youngest fleets of the Americas, with an average age of 4.5 years.

    “Our fleet is a point of pride for our airline,” said Pedro Heilbron, CEO of Copa Airlines. “These new Boeing aircraft make it possible for us to continue growing our route network and increasing frequencies this year with a product that is attractive to our passengers.”

     “A leader in Latin American aviation, Copa Airlines announced firm orders for 13 Boeing 737-800 aircraft in July 2009, with the option to purchase eight additional aircraft. In December 2009, Copa confirmed acquisition of two additional aircraft, for a total of 15 new aircraft orders in 2009. Copa currently has firm orders for 26 Boeing 737-800 aircraft; the airline will take delivery of the aircraft between 2010 and 2015. At Boeing list prices, these orders represent an investment of approximately $2 billion.

     The Boeing 737-800, the largest aircraft in Copa’s fleet, seats 160 passengers - 16 in Clase Ejecutiva (Business Class) and 144 in the main cabin. The comfortable aircraft has a spacious interior, large overhead compartments and a 12-channel audio-visual entertainment system.

     “Boeing aircraft are equipped with state-of-the-art technology for improved performance and reliability. In addition, their “winglets” help reduce airport noise, fuel consumption and greenhouse gas emissions, making them more environmentally friendly

     Copa Holdings, through its Copa Airlines and Aero República operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers 144 daily scheduled flights to 45 destinations in 24 countries in North, Central and South America and the Caribbean through its Hub of the Americas based in Panama City, Panama.

     In addition, Copa Airlines provides passengers with access to flights to more than 120 other international destinations through codeshare agreements with Continental Airlines and other airlines. From the U.S., Copa offers nonstop service to Panama 20 times a week from Miami; daily from New York City (JFK) and Los Angeles; five times a week from Washington, D.C. (Dulles); and 13 times a week from Orlando. Aero República, the second-largest air carrier in Colombia, provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines’ Hub of the Americas through daily flights from Bogotá, Cali and Medellin. For more information, visit www.copaair.com.