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

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.”