Copa Airlines, a subsidiary of Copa Holdings (NYSE: CPA), has announced the signing of a maintenance agreement with Panama Aerospace Engineering (PAE), a subsidiary of Singapore Technologies Aerospace Ltd.
The carrier said that, as part of this agreement, Copa Airlines will perform all heavy maintenance of its Boeing Next Generation fleet in PAE's new facilities at Howard Airport, in the Panama City region. Currently Copa Airlines outsources its heavy maintenance with a third party MRO provider in the United States.
No financial details have been disclosed.
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