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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
REPORT ON FORM 6-K DATED FOR THE MONTH OF OCTOBER, 2006
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COPA HOLDINGS, S.A.
(Translation of Registrant's Name Into English)
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Boulevard Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanizacion Costa del Este
Complejo Business Park, Torre Norte
Parque Lefevre
Panama City, Panama
(Address of principal executive offices)
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(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F [X] Form 40-F [ ]
(Indicate by check whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes [ ] No [X]
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b);82- ____)
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Enclosure: Press Release - COPA AIRLINES REPORTS AN 88.70 PERCENT ON-TIME
PERFORMANCE LEVEL FOR 3RD QUARTER 2006
COPA AIRLINES REPORTS AN 88.70 PERCENT ON-TIME
PERFORMANCE LEVEL FOR 3RD QUARTER 2006
COPA'S ON-TIME PERFORMANCE AND FLIGHT-COMPLETION RATES DEMONSTRATE
THE EFFICIENCY OF THE AIRLINE'S HUB OF THE AMERICAS
PANAMA CITY, Oct. 19 /PRNewswire-FirstCall/ -- Copa Airlines has reported an
88.70 percent on-time performance level for 3rd quarter 2006, with a
flight-completion factor of 99.71 percent, maintaining Copa's ranking among the
best in the aviation industry. The airline's cumulative on-time performance and
flight-completion rates for the first nine months of the year are 90.86 percent
and 99.71 percent, respectively.
"Our outstanding on-time performance during the first three quarters of the
year is a prime example of our ongoing effort to provide the highest level of
service," said Jorge Garcia, Commercial Vice President, Copa Airlines.
"These on-time performance and flight-completion rankings demonstrate the
efficiency of our Hub of the Americas in Panama City, as well as the advantages
of having one of the youngest fleets in the world and a highly trained and
dedicated staff," Garcia added.
The airline measures on-time performance utilizing the U.S. Department of
Transportation industry standard, which consists of a maximum 14-minute
variation from the scheduled arrival time. Copa's fleet consists of Boeing 737
Next Generation and Embraer 190AR aircraft.
Copa Airlines, a subsidiary of Copa Holdings, S.A. (NYSE: CPA), is one of
the leading passenger airlines in Latin America. Operating from its strategic
location at the Hub of the Americas in the Republic of Panama, Copa offers more
than 110 daily flights to 35 destinations in 21 countries in North, Central and
South America and the Caribbean. In addition, Copa provides passengers with
access to flights to more than 120 other international destinations through
codeshare agreements with Continental Airlines and other airlines. Copa and
Continental have a strategic alliance that includes joint participation in
Continental's award-winning frequent flyer program, OnePass. For more
information, visit http://www.copaair.com.
CPA-G
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
Copa Holdings, S.A.
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(Registrant)
Date: 10/19/2006
By: /s/ Victor Vial
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Name: Victor Vial
Title: CFO