Copa Holdings Closes Sale-leaseback Transaction for Four New 737-800 Aircraft with SMBC Aviation Capital

Copa Holdings Closes Sale-leaseback Transaction for Four New 737-800 Aircraft
                          with SMBC Aviation Capital

PR Newswire

PANAMA CITY, Feb. 4, 2013

PANAMA CITY, Feb. 4, 2013 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA),
today announced it has closed sale-leaseback transactions for four new Boeing
B737-800 aircraft with SMBC Aviation Capital, which is among the world's top
four operating lessors by fleet value.

The aircraft deliveries, which are part of Copa AirlinesĀ“ current order with
Boeing, are scheduled for delivery in 2014. Copa Holdings' CFO, Victor Vial
commented, "We are pleased to have closed this important transaction with SMBC
and hope to continue developing our long term partnership."

SMBC Aviation Capital's CEO, Peter Barrett commented, "We have enjoyed an
excellent relationship with Copa Airlines since working on our first
transaction with them in 2005, and look forward to partnering with them long
into the future."

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 SMBC AVIATION CAPITAL:

SMBC Aviation Capital is a global business that ranks among the top four
operating lessors by fleet value. The company's strategy is to own and lease
liquid, investor-friendly aircraft assets with continuous trading through the
industry cycle to maximize profitability and manage risk, and there is a
distinct focus on narrow-body, commodity aircraft types that cater to the
robust LCC (Low Cost Carrier) market and are easily tradeable. Over the past
seven years the platform has profitably sold 170 commercial aircraft valued at
over US$6bn.The company has over 100 airlines and 40 investors in over 40
countries around the world. It is headquartered in Dublin and has offices in
London, Shanghai, Beijing, Hong Kong, Singapore, Tokyo, New York, Toulouse and
Seattle.

CPA-G

SOURCE Copa Holdings, S.A.

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