COPA AIRLINES TAKES DELIVERY OF IT’S 12th NEW BOEING 737-700 AIRCRAFT WITH...

COPA AIRLINES TAKES DELIVERY OF IT’S 12th NEW BOEING 737-700 AIRCRAFT WITH WINGLETS

The airline completes first phase of fleet rejuvenation plan


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PANAMA–(HISPANIC PR WIRE)–Dec. 13, 2002–Copa Airlines announced today the delivery of its 12th new Boeing 737-700 Next-Generation aircraft. This latest delivery brings its total of 737s to 20 and completes the first phase of a fleet rejuvenation plan the airline began in 1999.

“We are very proud to have completed this first phase of our plan, which allows our fleet to continue being one of the youngest fleet in the region,” said Jorge García Icaza, Commercial Vice President, Copa Airlines. “We are looking forward to continuing our fleet and Hub expansion plan in the coming years and continue offering our passengers the best travel experience.”

In August, Copa Airlines announced a new order for up to twelve Boeing Next-Generation 737 aircraft valued at approximately $650 million US dollars, continuing Copa’s commitment to fleet renewal and growth. This includes a firm order for six planes and rights to acquire six additional Next-Generation 737. The firm order includes two 737-800s and four 737-700s. Deliveries of the aircraft acquired in the 2nd phase of the plan are scheduled to begin in October 2003.

Copa Airlines’ Boeing 737-700 aircraft has seating for 124 passengers, 12 in Business Class (Clase Ejecutiva) and 112 in the main cabin. The aircraft features spacious interiors with larger overhead storage bins, variable positioning seats with adjustable headrests and “wings” and 12-channel audio and video entertainment systems.

The new 737-700 is also equipped with new high-tech “winglets” that greatly improve performance, enabling the aircraft to fly at higher altitudes (41,000 feet – higher than any other in its class), greater distances, more quietly and with greater fuel efficiency. The “winglet”-equipped aircraft can carry up to 6,000 pounds more payload and have reduced engine-maintenance costs.

Passengers can fly from the U.S. to Panama City on Copa Airlines via daily non-stop service from Los Angeles and Miami, as well as four times weekly from Orlando. Copa Airlines has a strategic alliance with Continental Airlines, including participation in Continental’s award-winning frequent flyer program OnePass(R). Members of the program may earn miles on either Copa or Continental flights, as well as the opportunity to redeem miles for tickets, upgrades, and merchandise.

With more than 55 years of experience, Copa Airlines (copaair.com) flies to 29 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 América Economía Magazine for “innovation, creativity and leadership en the field of aviation.” In November 2002, PODER Magazine and Booz, Allen & Hamilton and Egon Zehnder International 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.

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CONTACT:

Carol Schliesinger-Cura – U.S.A.

210-619-2022

or

Patricia Roquebert – Panama

507-225-7655

COPA AIRLINES TAKES DELIVERY OF IT’S 12th NEW BOEING 737-700 AIRCRAFT WITH WINGLETS