Copa Airlines, a subsidiary of Copa Holdings, S.A., has taken delivery of its 14th Embraer 190 aircraft.
"The Embraer 190 is a good fit for our airline's growth plan, making it possible for us to serve routes that require an aircraft of its capacity," said Pedro Heilbron, CEO of Copa Airlines, "We are very pleased with the performance of this aircraft."
The regional airline Copa has ordered two Boeing 737-800 aircraft, with delivery promised for 2010 and 2011.
With this purchase, Copa Airlines has in effect expanded its order for the Next-Generation aircraft from seven to nine, with an option to order still more.
The company already has 27 aircraft of this design out of its total fleet of 40.
The order worth some $375 million includes eleven E-190 planes, pilot and technical training, as well as the adaptation for the maintenance of the aircrafts.
The huge Brazilian plane maker, Empresa Brasileira de Aeronautica S.A. (Embraer), delivered the pane to TACA on Friday. It is the first of 11 E-190 jets ordered last year by the Central American airline.
The contract is for 61 Boeing 737s MAX 8 and 9, though details on deadlines for delivery are not known.
From a statement issued by Copa Airlines:
Juan Carlos Varela, President of the Republic of Panama and Barack Obama, President of the United States of America, witnessed a historic agreement in which Copa Airlines (NYSE: CPA) and Boeing (NYSE: BA) announced the order of 61 737s MAX 8 and 9.
The airline ordered an additional 13 Boeing 737 airplanes, a $1 billion investment, doubling its original request.
This order increases to 27 the number of planes Copa Airlines has ordered from Boeing. Additionally, they have agreed a purchase option for 8 more planes.
"Boeing 737s have been an important element in Copa's success, proving us with efficient operations and costs, which allows us to offer our passengers world class services and an extensive network of routes in Latin America", said Pedro Heilbron, CEO of Copa Airlines. "This order restates the confidence we have in our business model and the growth potential for air travel in Latin América".
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