Copa Holdings S.A. Obtains U.S. Ex-Im Bank Loan Guarantee Commitments
August 02 2007 - 10:40AM
PR Newswire (US)
PANAMA CITY, Aug. 2 /PRNewswire-FirstCall/ -- Copa Holdings, parent
company of Copa Airlines and Aero Republica, today informed it has
obtained loan guarantee commitments from the Export-Import Bank of
the United States (Ex-Im Bank) to support the purchase and
financing of six Boeing 737 Next Generation Aircraft with a list
price of approximately US$416 million. The loan guarantee
commitments by Ex-Im Bank, one final and five preliminary, will
guarantee Copa Airlines' scheduled Boeing fleet expansion through
2009. "We are very pleased with the support from Ex-Im Bank in the
financing of our Boeing fleet throughout the years. These
guarantees are of vital importance in securing and maintaining
competitive financing, which is of paramount importance in this
competitive industry," stated Victor Vial, Chief Financial Officer
of Copa Holdings. About Copa Holdings 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 approximately 116 daily scheduled
flights to 39 destinations in 21 countries in North, Central and
South America and the Caribbean. 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. Aero Republica, the
second-largest domestic carrier in Colombia, provides service to 12
cities in Colombia as well as international connectivity with Copa
Airlines' Hub of the Americas through flights from Bogota, Cali,
Cartagena and Medellin. CPA-G DATASOURCE: Copa Holdings, S.A.
CONTACT: In Panama, Joseph Putaturo, Copa Holdings,
+011-507-304-2677 Web site: http://www.copaair.com/
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