Copa Airlines Announces Expansion Plans

Airline adds five new destinations, increases fleet and supports expansion

of Tocumen International Airport

Aug 06, 2008, 01:00 ET from Copa Airlines

    PANAMA CITY, Aug. 6 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary
 of Copa Holdings SA (NYSE:   CPA), today announced the addition of five new
 destinations on the American continent and the acquisition of aircraft as
 part of its expansion plans for 2008. In addition, the airline emphasized
 its support of increasing the Hub of the Americas' capacity by adding a new
 terminal to the Tocumen International Airport.
     With the addition of non-stop flights from Panama to Belo Horizonte,
 Brazil; Oranjestad, Aruba; Valencia, Venezuela; and Santa Cruz, Bolivia, as
 well as the new service it began to Port of Spain, Trinidad and Tobago
 earlier this year, the airline will operate flights from Panama to a total
 of 45 destinations in its extensive route network throughout North,
 Central, and South America and the Caribbean by the end of 2008.
     "We continue to grow and strengthen Copa Airlines and Panama as the
 best connecting point for travel within Latin America," said Pedro
 Heilbron, CEO of Copa Airlines. "The new flights will facilitate commercial
 and business relations between the countries in our region, increase
 tourism, and foster economic development."
     Heilbron stated that the addition of six new aircraft this year and the
 airline's recent announcement of future orders will strengthen its ability
 to provide world-class service, with the goal of continuing to grow Copa's
 hub through new destinations and increased flight frequencies.
     "Copa Airlines will close out the year with a modern and efficient
 fleet of 43 aircraft consisting of 28 Boeing 737 Next Generation and 15
 Embraer jets, one of the youngest fleets in the Americas," said Heilbron.
     On August 21, Copa will begin service to Belo Horizonte, the airline's
 fourth destination in Brazil, providing the city with its first direct
 connections to a large number of Latin American destinations. Continuing
 with its expansion efforts, Copa will initiate flights to Valencia and
 Aruba on December 1 and 15, respectively, serving both tourism and business
 passenger needs. Also, in December Copa will begin flights to Santa Cruz,
 Bolivia, the airline's fifth new destination in 2008. From these cities,
 Copa will offer immediate connections to and from the principal cities of
 the Caribbean, North, Central and South America.
     Because of the expansion and the modernization of Tocumen International
 Airport, headquarters of the Hub of the Americas, Copa Airlines has been
 able to expand the number of destinations and frequency of flights it
 offers. The hub's future growth will be facilitated by the recent opening
 for international bidding on construction of the airport's new terminal and
 infrastructure, officials stated.
     "The new terminal demonstrates the national government's ability to
 promote its vision for domestic and international growth and development,"
 said Orcila Constable, General Manager, Tocumen International Airport. "The
 new terminal is key for positioning and strengthening Tocumen as a
 preferred hub world wide, and as means to facilitate commercial and tourism
 activity in the country."
     About Copa Holdings, S.A.
     Copa Holdings, through its Copa Airlines and Aero Republica operating
 subsidiaries, is a leading Latin American provider of passenger and cargo
 service. Copa Airlines currently offers 126 daily scheduled flights to 42
 destinations in 22 countries in North, Central and South America and the
 Caribbean through its Hub of the Americas based in Panama City, Panama. In
 addition, Copa Airlines provides passengers with access to flights to more
 than 120 other international destinations through codeshare agreements with
 Continental Airlines and other airlines. From the U.S., Copa offers nonstop
 service to Panama 20 times a week from Miami; daily from New York City, Los
 Angeles and Washington, D.C.; and 12 times a week from Orlando. Copa is an
 associate member of the Global SkyTeam alliance, giving its passengers
 access to more than 15,200 daily flights to more than 790 cities in 162
 countries. Aero Republica, the second-largest carrier in Colombia, provides
 service to 12 cities in Colombia as well as international connectivity with
 Copa Airlines' Hub of the Americas through daily flights from Bogota,
 Bucaramanga, Cali and Medellin. For more information, visit
     About Hub of the Americas
     The Hub of the Americas offers passengers an average connection of 90
 minutes through coordinated itineraries, reducing total flight time;
 check-in luggage transportation to the passenger's final destination; and a
 large variety of duty free stores. Passengers affiliated with or traveling
 in Business Class are welcome to use Copa and Continental Airlines'
 Presidents Club.

SOURCE Copa Airlines