Panama - November, 17 2010 -- Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA), today announced that it has signed lease agreement for ten Boeing 737-800 airplanes, five for delivery in 2011 and five during 2012. Copa Airlines now has firm orders and delivery commitments for 33 aircraft, all of which are Boeing 737-800s.
"With these new leases we will bolster our 2011 and 2012 network expansion plans, taking the opportunity to strengthen even more our regional hub leadership." said Pedro Heilbron, CEO of Copa Airlines. "This capacity ramp up coincides with the expected conclusion of Panama's Tocumen airport expansion, which will increase our airport capacity by more than 50% by mid-2011."