BOGOTA, Colombia and PANAMA CITY, July 11, 2006 /PRNewswire via COMTEX News Network/ -- AeroRepublica Airlines, subsidiary of Copa Holdings S.A. (NYSE: CPA), today announced it will begin direct daily service from Bogota to Panama on August 3, 2006.

"With this flight and two additional code-share flights with Copa Airlines, we will jointly offer the best schedules and most frequencies between both cities," commented Roberto Junguito, President of AeroRepublica.

    AeroRepublica's flight schedule is the following:

         Route             Frequency    Departure      Arrival
    Bogota - Panama          Daily      8:30 a.m.    10:03 a.m.
    Panama - Bogota          Daily      8:05 p.m.     9:32 p.m.

"With daily service between Bogota and Panama, AeroRepublica expects to cover the growing need of business and leisure travelers, which has increased by approximately 20% in the last three years due to favorable business conditions between both countries."

The alliance between AeroRepublica and Copa Airlines will enable more intra-regional international connectivity for Colombian passengers, who will be able to benefit from code-share agreements between both airlines and connect through Panama with the most important business centers in Central America and the Caribbean.

"As we envisioned, Copa Airlines' Hub of the America's in Panama is becoming AeroRepublica's connecting center for passengers who travel in the Region. AeroRepublica's passengers will gain more access to one of the most complete intra-Latin America networks," added Pedro Heilbron, CEO of Copa Holdings.

AeroRepublica, Colombia's second-largest domestic carrier, provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines' Hub of the Americas. Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. CPA-G

SOURCE AeroRepublica Airlines

Joseph Putaturo, +1-507-304-2677 for AeroRepublica Airlines

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