Copa Airlines completes new order for up to 32 Boeing 737 Next-Generation aircraft

Copa Airlines and Boeing today announced an order for up to 32 Next-Generation 737-800s, including 10 options, at a signing ceremony at the U.S. Department of Commerce in Washington, D.C.

Valued at approximately $2.6 billion at Boeing list prices, the order is the largest new aircraft order in Copa Airlines’ history. In addition, it represents one of the largest commercial transactions ever between private sector companies 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 medium-term growth plan,” said Pedro Heilbron, CEO of Copa Airlines. “This is the largest aircraft order in Copa’s history, which is a reflection not only of 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 intra-Latin America travel.”

 

Roberto Junguito Pombo, CEO of Copa Airlines Colombia said: “These airplanes are an important achievement in our medium-term growing purposes and they constitute a fundamental part of Copa Airlines Colombia international expansion. We continue moving on in our commitment of enhancing Colombia's international connectivity”.

 

“We thank Copa Airlines for this significant order and are very proud to partner with one of the most successful airlines in the industry,” said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. “Copa’s exceptional business model, ideal geographic position and modern and efficient fleet will continue to drive its leadership in the Latin American aviation market.”

 

The new airplanes will be outfitted with Boeing’s signature “Sky Interior” featuring new 787-style modern sculpted sidewalls and window reveals that provide passengers with a greater connection to the flying experience. They also will benefit from performance enhancements expected to result in a 2 percent reduction in fuel consumption through a combination of airframe and engine improvements.

 

In the past two years, Copa Airlines has purchased 37 new Next-Generation 737-800s directly from Boeing and entered into leasing agreements for an additional 10 aircraft. By the end of the year, Copa Holdings will have a total of 63 aircraft, 37 of which are Boeing 737 Next Generation. The airline will take delivery of an additional 68 in the next seven years, including 22 that will be delivered in 2011 and 2012. Copa utilizes the Next-Generation 737 to its maximum capability, flying some of the longest 737 routes in the world.

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