Copa Airlines To Buy $1 Billion in Boeing Planes

The airline ordered an additional 13 Boeing 737 airplanes, a $1 billion investment, doubling its original request.

Thursday, July 16, 2009

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".

More on this topic

Copa Airlines Buys Aircraft for $6.6 billion

April 2015

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.

Copa Announces Purchase of 32 Boeing Aircraft

December 2010

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 Investment Plan 2011-2012

October 2010

The Panamanian airline raised investment plans for 2011-2012 between $200 and $ 300 million.

Pedro Heibron, Chief Executive Officer made the announcement, raising the projected capital expenditure from initial $ 150 million.

American Economy reports on their web site, "The company could announce new orders for Boeing jets, said Heilbron, and fund these investments with loans from the Export-Import Bank of United States, other commercial banks or from to their own resources."

Copa orders new Boeing Next-Generation aircraft

July 2008

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.

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