Copa Airlines takes delivery of two Boeing 737-800 aircraft

  • Airline has received five of eight scheduled deliveries for 2010

Panama, 17 May 2010 - Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA), has recently taken delivery of two new Boeing 737-800 aircraft as part of its ongoing fleet and network expansion. With these two deliveries, Copa has now received five of eight aircraft it expects to take delivery of in 2010.

Currently, Copa Holdings operates one of the youngest fleet in the Americas, composed of 60 aircraft - 20 Boeing 737-700s, 14 Boeing 737-800s and 26 Embraer-190s. Copa Holdings expects to end 2010 with a consolidated fleet of 63 aircraft.

"With these aircraft we will continue to expand the Hub of the Americas with more frequencies and destinations for the convenience of our passengers," said Pedro Heilbron, CEO of Copa Airlines. "These two aircraft, along with three additional deliveries in the second half of the year, will allow us to continue our capacity growth at a time when we are seeing healthy demand trends."

"With these aircraft we will continue to expand the Hub of the Americas with more frequencies and destinations for the convenience of our passengers," said Pedro Heilbron, CEO of Copa Airlines. "These two aircraft, along with three additional deliveries in the second half of the year, will allow us to continue our capacity growth at a time when we are seeing healthy demand trends."

In addition, their "winglets" help reduce airport noise, fuel consumption and greenhouse gas emissions, making them more environmentally friendly.

About Copa Holdings

Copa Holdings through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers approximately 152 daily scheduled flights to 45 destinations in 24 countries in North, Central and South America and the Caribbean. In addition, Copa Airlines provides passengers with access to flights to more than 120 other international destinations through code share agreements with Continental Airlines and other airlines. Aero Republica, the second-largest domestic carrier in Colombia, provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines' Hub of the Americas through flights from Bogota, Bucaramanga, Cali, Cartagena, Medellin and Pereira. Additionally, Aero Republica has direct daily flights to Caracas, Venezuela from the cities of Bogota and Medellin. For more information, visit www.copaair.com

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