Five will be delivered in 2011 and the balance in 2012. Copa Airlines already has commitments for the delivery of 33 aircraft, all Boeing 737-800.
"These new leases represent a new impulse to our expansion plans and give us the opportunity to further strengthen our leadership position as a regional hub", said Pedro Heilbron, CEO of Copa Airlines. "This new fleet coincides with the expected completion of the expansion of Tocumen Airport in Panama, which will increase our airport capacity by more than 50% in mid 2011."
The leases of this ten aircraft were signed with three companies: GE Capital Aviation Services (GECAS, 5 units), BOC Aviation (3 units) and Aviation Capital Group (ACG, 2 units).
The company ordered two Boeing 737-800 planes, increasing to 15 its orders in 2009.
The planes will be delivered in the second half of 2010.
Their previous order was in July 2009, when Copa requested 13 airplanes.
"These planes will feature the 'Sky Interior' inner decoration, consisting of sculpted windows and walls, which make passengers feel more connected with the experience of flying", reported Laestrella.com.pa.
Copa Airlines and Boeing signed a purchase agreement for 32 737-800 aircraft, valued at about $ 2,600 million.
The purchase, worth approximately $ 2.6 billion, is the largest order for new aircraft in the history of Copa Airlines. Furthermore, the purchase represents one of the largest transactions ever made between a private sector company in the United States and the Republic of Panama.
Copa Airlines will operate 4 new destinations starting from June. The destinations are: Recife, Brazil; Guanacaste, Costa Rica; Las Vegas, USA; and the island of Curacao.
A press release from Copa Airlines states that “Passengers departing from or transiting through the Hub of the Americas, the hub of Copa Airlines, Tocumen International Airport in Panama, via these new flights will have access to a network which consists of a total of 63 destinations in 29 countries throughout North, Central and South America and the Caribbean.