COPA AIRLINES ADDS ANOTHER AIRCRAFT TO ITS FLEET AND CELEBRATES PANAMA’S CENTENNIAL;...

COPA AIRLINES ADDS ANOTHER AIRCRAFT TO ITS FLEET AND CELEBRATES PANAMA’S CENTENNIAL; NEW BOEING 737-700 WILL CARRY THE CENTENARIO DE PANAMA LOGO ON FUSELAGE



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PANAMA CITY, Panama–(HISPANIC PR WIRE – BUSINESS WIRE)–Nov. 19, 2002–Copa Airlines received today its 12th Boeing 737-700 Next Generation aircraft, which will carry the official logo of the Centenario de la Republica de Panama (Centennial of the Republic of Panama) on its fuselage.

“We are proud to have this new aircraft that represents just one of the many ways in which Copa Airlines will celebrate the Centennial of the Republic of Panama during 2003,” said Pedro Heilbron, CEO of the company.

As part of the Centennial celebration, Panama will be the center of numerous cultural, artistic and sports activities and Copa will serve as the Official Airline of the celebration.

The airline will take delivery of a new airplane in December, bringing its fleet total to 12 Boeing 737-700 aircraft. This delivery will complete the first phase of the fleet renovation plan begun in 1999. Continuing its expansion plan, in August of this year, Copa Airlines announced acquisition of up to 12 Boeing 737 Next Generation aircraft. The new order, delivery of which will begin in October 2003, guarantees the growth of the airline and its “Hub of the Americas” in Panama City.

Copa’s Boeing 737-700 seats 124 passengers, 12 in Business Class (Clase Ejecutiva) and 112 in the main cabin. The aircraft offers spacious interiors with larger overhead compartments, variable-position seats with adjustable “wing” headrests, and 12 entertainment channels for audio and video.

The new Boeing 737-700, equipped with high-tech winglets, is faster, quieter and more fuel-efficient. The aircraft can reach higher altitudes — 41,000 feet — than any other airplane in its class. In addition, it can transport up to 6,000 lbs. more cargo, thereby reducing engine maintenance costs.

Copa’s strategic alliance with Continental Airlines has produced an interconnected route system for flights between the United States and Latin America. Both airlines participate in Continental’s OnePass frequent-flyer program and share Presidents Club benefits around the world.

With more than 55 years of experience, Copa Airlines (http://www.copaair.com) flies to 20 destinations in 19 countries in North, Central and South America and the Caribbean. In September 2001, Copa was named to the “Excelencia 2001” (“Excellence 2001”) list in America Economia Magazine for “innovation, creativity and leadership en the field of aviation.” In November 2002, PODER Magazine and Booz, Allen & Hamilton gave Copa the “Best Regionalization in Latin America” award for its “successful development of its hub in Panama, which contributes to the continuous development of Latin America.”

From its base at Tocumen International Airport in Panama City, Copa Airlines operates the Hub of the Americas, one of the most efficient and successful hubs in Latin America. In 2002, the airline expects to transport 1.2 million passengers.

NOTE TO MEDIA: Photo of plane available upon request

–30–BD/sa*

CONTACT:

Copa Airlines

Carol Schliesinger-Cura, 210/619-2022 (U.S.A.)

or

Patricia Roquebert, 507/225-7655 (Panama)

COPA AIRLINES ADDS ANOTHER AIRCRAFT TO ITS FLEET AND CELEBRATES PANAMA’S CENTENNIAL; NEW BOEING 737-700 WILL CARRY THE CENTENARIO DE PANAMA LOGO ON FUSELAGE