"It's unlikely Copa would have had either the expertise or the willingness to do a deal like what we did in Colombia had we not had such a successful relationship with Continental," Gunn said. "The model we are applying is very, very similar."
Copa Airlines is launched as a joint venture with Pan Am, offering service between three Panamanian cities.
Hub operations at Panama's Tocumen Airport begin.
Copa Airlines and Continental Airlines create a strategic alliance, with the Houston-based carrier buying a 49 percent stake in the Panamanian carrier.
Copa Holdings acquires Colombia's second-largest airline, AeroRepública; Copa begins trading on the New York Stock Exchange, and Continental reduces its share of Copa.
Continental sells more of its shares in Copa, decreasing its stake to 10 percent.
PANAMA CITY , Oct. 21 /PRNewswire-FirstCall/ -- Copa Airlines, a subsidiary of Copa Holdings S.A. (NYSE: CPA), reported an on-time performance of 86.3 percent and a flight-completion factor of...
PANAMA CITY , Jan. 20 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA), has taken delivery of two new Boeing 737-800 aircraft as part of its ongoing fleet...
AeroRepublica commemorates the recent arrival of its first four EMBRAER 190 aircraft.
In 2006, air traffic among Latin American countries rose 6.9% compared with a year earlier, making the region the second-fastest market in the world, trailing only China, which grew 8.8%. This...