Press Release

BOC Aviation to Lease Three New Boeing 737-800 Aircraft to Copa Airlines

18 Nov 2010

BOC Aviation has signed agreements for the long-term lease of three new 737-800s to Copa Airlines.  The aircraft, powered by CFM56-7B26/3 engines, are scheduled for delivery in the third quarter of 2011.  This deal marks the first time that BOC Aviation has worked with Panama’s flag carrier.

Pedro Heilbron, Chief Executive Officer of Copa Airlines, said “These aircraft will play an important role in our 2011 growth plan, as we continue to add frequencies to key cities and new destinations to our network.   We are pleased to partner BOC Aviation in our fleet expansion program and look forward to a long lasting business relationship.”

 “We are delighted to welcome Copa Airlines as a new customer of BOC Aviation,” said Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation.  “This region will be one of the world’s major growth markets in the coming years and Copa Airlines, one of the leading carriers serving Latin America, is strategically well positioned to benefit from it,” he added.

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 165 modern aircraft operated by airlines worldwide. In addition, the Company has 67 aircraft on firm order and four on committed purchase and leaseback for delivery through to 2014.  BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years.  BOC Aviation is 100% owned by Bank of China.

Copa Airlines, subsidiary of Copa Holdings S.A. (NYSE: “CPA”), is a leading Latin American provider of passenger and cargo services. Copa Airlines currently offers approximately 152 daily scheduled flights to 45 destinations in 24 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 code share agreements with Continental Airlines and other airlines. Copa Airlines Colombia provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines' Hub of the Americas through flights from Barranquilla, Bogota, Bucaramanga, Cali, Cartagena, Medellin and Pereira. Additionally, Copa Colombia has international flights from Colombia to Caracas, Guayaquil, Quito and Mexico City. For more information, visit www.copaair.com

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For more information, please contact:

Elsie NG
Tel: +65 9710 0790
[email protected]
www.bocaviation.com