Copa Announces Purchase of 32 Boeing Aircraft

Copa Airlines and Boeing signed a purchase agreement for 32 737-800 aircraft, valued at about $ 2,600 million.

Wednesday, December 1, 2010

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.

"These 32 aircraft, which will be delivered between 2015 and 2018, are an integral part of our growth plan over the medium term," said Pedro Heilbron, CEO of Copa Airlines. "This is the largest order for aircraft in the history of Copa, which is not only reflects our confidence in the future of Latin America and Panama, but also of our successful business model which has made our Hub of the Americas the best connecting point for travel within Latin America".

More on this topic

AviancaTaca Announces Purchase of Airbus A320

January 2012

AviancaTaca Holding SA, has signed a purchase agreement with the European manufacturing firm Airbus for 51 eco-efficient aircraft.

A press release from AviancaTaca states that the purchase order, is for 33 A320neo type aircraft and is the largest order of this model in Latin America.

Copa Signs Deal for 10 Boeing Aircraft

November 2010

Copa announced the signing of a lease for ten new Boeing 737-800 aircraft.

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.

Copa Airlines Orders Two New Planes

December 2009

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 To Buy $1 Billion in Boeing Planes

July 2009

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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