Copa´s AeroRepublica Announces Purchase of Five New Embraer 190 Aircraft

AeroRepublica, a subsidiary of Copa Holdings, S.A.A announced last week a fleet modernization and expansion plan that includes firm orders for five Embraer 190 aircraft, representing an investment of $ 175 million at list price.

The order also includes options to buy 20 additional aircraft. AeroRepublica joins a select group of airlines that have acquired the Embraer 190 aircraft, equipped with state-of-the-art aviation navigation technology, directly from the manufacturer.

Delivery of the first aircraft is planned for November 2006, making AeroRepublica the first airline in the domestic Colombian market to operate the new and efficient 108-seat aircraft. The modern Embraer 190 incorporates advanced technological features such as “winglets,” efficient and powerful GE CF34 motors, and the latest Honeywell Corporation aeronautics equipment.

The Embraer 190s will be used to serve AeroRepublica´s domestic routes more efficiently, as well as in the development of international markets. They also will play an important role in AeroRepublica´s alliance with Copa Airlines in Panama, through joint expansion of route networks that will provide passengers with more destinations and frequencies.

Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service.

Copa Airlines currently offers approximately 80 daily scheduled flights to 30 destinations in 20 countries in North, Central and South America and the Caribbean.