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Copa Holdings Closes Sale-leaseback Transaction for Four New 737-800 Aircraft



Copa Holdings Closes Sale-leaseback Transaction for Four New 737-800 Aircraft

PR Newswire

PANAMA CITY, Jan. 22, 2013

PANAMA CITY, Jan. 22, 2013 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA),
today announced it has closed sale-leaseback transactions for four new Boeing
B737-800 aircraft with MC Aviation Partners (MCAP), the aircraft leasing and
trading arm of Mitsubishi Corporation. 

The deliveries, which are part of Copa Airlines' current order with Boeing,
are scheduled for March, April, August and October of 2013.  The agreement
provides for 90 month lease terms.

Copa Holdings' CFO, Victor Vial commented, "We are pleased to have completed
this important transaction with MCAP and hope to build on this new partnership
in the future.  With this transaction we have completed all our aircraft
financing needs for 2013 under very competitive terms while continuing to add
flexibility in our fleet plan."

MCAP CEO, Hiroshi Nakanishi commented, "We are delighted to announce this
first transaction with Copa Airlines and are looking forward to further
developing a long relationship."

ABOUT COPA HOLDINGS S.A.:

Copa Holdings is a leading Latin American provider of passenger and cargo
services.  The Company, through its operating subsidiaries, provides service
to 64 destinations in 29 countries in North, Central and South America and the
Caribbean with one of the youngest and most modern fleets in the industry,
consisting of 83 aircraft: 57 Boeing 737NG aircraft and 26 EMBRAER-190s. For
more information visit www.copaair.com.

ABOUT MC AVIATION PARTNERS:

MC Aviation Partners (MCAP) group is the aircraft leasing and trading arm of
Mitsubishi Corporation with over 100 owned and managed aircraft in our
portfolio. MCAP group was established in 2008 as a wholly-owned subsidiary of
Mitsubishi Corporation with over 20 years of experience in aircraft leasing.
MCAP group has offices in Tokyo, Los Angeles and Dublin. In addition, MCAP
group has the support of 200 branch offices of Mitsubishi Corporation
worldwide.

CPA-G

SOURCE Copa Holdings, S.A.

Website: http://www.copaair.com
Contact: Joseph Putaturo, Panama, Director-Investor Relations, (507) 304-2677
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