Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA) today announced an order for two Boeing 737-800 airplanes to be delivered in the second half of 2010. This new order brings to 15 airplanes the number of Boeing Next-Generation 737s that Copa Airlines has ordered this year.
In July, Copa placed an order for 13 airplanes to be delivered between 2012 and 2015. The order also included eight options for deliveries between 2015 and 2017. These aircraft 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. The new airplanes will also benefit from performance enhancements expected to result in a 2 percent reduction in fuel consumption by 2011 through a combination of airframe and engine improvements.
The Next-Generation 737 is the newest and most technologically advanced airplane in its class. It flies higher, faster and farther than previous models and competitors. In addition, its flight deck features the latest liquid-crystal flat-panel displays and is designed to accommodate new communications and flight-management capabilities.
"The Next-Generation 737 plays a major role in achieving our goal of offering our passengers world-class service, the most extensive route network in Latin America and one of the youngest fleets in the continent," said Pedro Heilbron, CEO of Copa Airlines. "With these aircraft we will continue to consolidate and strengthen our leadership position in the Latin American airline industry, providing our passengers a truly attractive product and our company a highly efficient aircraft with superior economics."