Copa Airlines today announced firm orders for four Boeing 737-700s and two 737-800s. The order is valued at approximately $325 million.
Copa also announced order options for four additional 737-700s and two additional 737-800s, making the total potential value approximately $650 million.
Copa will operate the aeroplanes out of its ‘Hub of the Americas’ at Tocumen International Airport in Panama City, which it is positioning as a major time saving hub on long routes between North and South America and the Caribbean.
All deliveries, scheduled to begin in October 2003, will feature performance-enhancing winglets, which reportedly reduce drag and provide greater fuel efficiency, increasing range by up to 115 nautical miles.
Copa already operates a fleet of 10 Boeing Next-Generation 737s, with two more scheduled for delivery later this year. The Panamanian airline operates four of the longest-scheduled 737 routes in the world, from Panama City to Buenos Aires, Santiago, Sao Paulo and Los Angeles.