Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services in Latin America. The company’s subsidiaries include Compañía Panameña de Aviación, S. A. (Copa Airlines) and AeroRepública, S. A. (Copa Colombia). Copa Airlines operates from its strategically-located position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. As of December 31, 2015, the company operated a fleet consisting of 100 aircraft, including 14 Boeing 737-700 Next Generation aircraft, 63 Boeing 737-800 Next Generation aircraft, and 23 Embraer 190 aircraft. As of December 31, 2015, the company had 2 purchase contracts with The Boeing Company, such as the first contract entails 11 firm orders of Boeing 737 Next Generation aircraft, which would be delivered between 2016 and 2018; the second contract entails 65 firm orders of Boeing 737 MAX aircraft, which would be delivered between 2018 and 2025. The company offers approximately 360 daily scheduled flights among 73 destinations in 31 countries in North, Central and South America and the Caribbean from its Panama City hub. The company provides passengers with access to flights to approximately 200 other destinations through codeshare arrangements with United Continental Holdings, Inc. and other airlines pursuant to which each airline places its name and flight designation code on the other’s flights. Through its Panama City hub, the company is able to consolidate passenger traffic from multiple points to serve each destination. As a part of the company’s strategic relationship with United Continental Holdings, Inc., the company provides flights through codesharing arrangements to approximately 200 other destinations. In addition to codeshares provided with the company’s Star Alliance partners, it has codesharing arrangements in place with various other carriers, including KLM, Gol Intelligent Airlines, and Aeromexico. Cargo Operations In addition to the company’s passenger service, it makes use of extra capacity in the belly of the company’s aircraft by carrying cargo. The company’s cargo operations consist principally of freight service. Sales, Marketing and Distribution The company has a sales and marketing network consisting of 71 domestic and international ticket offices, including airport and city ticket offices located in Panama and Colombia. Strategy The key elements of the company’s business strategy include expanding its network by increasing frequencies and adding new destinations, and emphasizing superior service and value to its customers. Regulation Operations to the United States by non-U.S. airlines, such as Copa Airlines, are subject to Title 49 of the U.S. Code, under which the U.S. Department of Transportation, the U.S. Federal Aviation Administration, and the U.S. Transportation Security Administration exercise regulatory authority. Copa Airlines’ operations in the United States are also subject to regulation by the U.S. Federal Aviation Administration with respect to aviation safety matters, including aircraft maintenance and operations, equipment, aircraft noise, ground facilities, dispatch, communications, personnel, training, weather observation, air traffic control and other matters affecting air safety. Competition The company competes with various other airlines that serve some of the routes on which the company operates, including Avianca-Taca, American Airlines, Delta Air Lines, AeroMexico, LATAM Group, Viva Colombia, and the LAN Group, among others. History Copa Holdings, S.A. was founded in 1947. The company was incorporated according to the laws of the Republic of Panama in 1988.
copa holdings sa-class a (C2H:Berlin)
Boulevard Costa del Este
Avenida Principal y Avenida de la Rotonda
Urbanización Costa del Este, Complejo Business Par
Torre Norte, Parque Lefevre
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