PANAMA CITY and BOGOTA, Colombia, May 22, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Aero Republica, subsidiary of Copa Holdings, S.A. (NYSE: CPA), has announced new direct daily service to Caracas, Venezuela, from the Colombian cities of Bogota and Medellin beginning May 24.

"These new routes to Caracas represent another step forward in Aero Republica's plan to increase its participation in Colombia's fast-growing international market and its continuous effort to provide more and better options for passengers," said Pedro Heilbron, CEO of Copa Holdings, S.A.

"Venezuela represents a very attractive international market for Aero Republica," stated Roberto Junguito, CEO of Aero Republica. "It is Latin America's sixth largest country in terms of population, as well as Colombia's second largest trade partner. Commercial ties between both countries are very important and demand for travel is strong and growing."

These new routes to Caracas will be served with Aero Republica's modern fleet of EMBRAER-190 aircraft, with convenient schedules and competitive fares.

About Copa Holdings, S.A.

Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo services. Copa Airlines currently offers 126 daily scheduled flights to 41 destinations in 22 countries in North, Central and South America and the Caribbean through its Hub of the Americas based in Panama City, Panama. In addition, Copa Airlines provides passengers with access to flights to more than 120 other international destinations through codeshare agreements with Continental Airlines and other airlines. From the U.S., Copa offers nonstop service to Panama 20 times a week from Miami; daily from New York City, Los Angeles and Washington, D.C.; and 12 times a week from Orlando. Copa is an associate member of the Global SkyTeam alliance, giving its passengers access to more than 15,200 daily flights to more than 790 cities in 162 countries. Aero Republica, the second-largest carrier in Colombia, provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines' Hub of the Americas through daily flights from Bogota, Bucaramanga, Cali and Medellin.

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SOURCE Copa Holdings, S.A.

http://www.copaair.com

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