SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
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 December,
2007
Copa
Holdings, S.A.
(Translation
of Registrant's Name Into English)
Boulevard
Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanización
Costa del Este
Parque
Lefevre
Panama
City, Panama
(Address
of principal executive offices)
(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- )
Enclosure:
Press
Release - COPA
AIRLINES ARRANGES FINANCING FOR BOEING 737-800 AIRCRAFT SCHEDULED FOR DELIVERY
IN 2008
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|
NEWS
RELEASE
|
CONTACT:
Joseph Putaturo - Panama
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507-304-2677
|
TO
TRANSPORTATION AND BUSINESS EDITORS:
Copa
Airlines Arranges Financing for Boeing 737-800 Aircraft Scheduled for Delivery
in 2008
PANAMA
CITY, Dec. 5 /PRNewswire-FirstCall/ -- Copa Airlines, subsidiary of Copa
Holdings, today announced it has secured a financing commitment by the Private
Export Funding Corporation (PEFCO) to finance the purchase of two Boeing
737-800
aircraft for which preliminary commitments for comprehensive, long-term
Export-Import Bank of the United States (Ex-Im Bank) guarantees have been
obtained. The lead arranger for this transaction was J.P. Morgan Securities
Inc.
The
financing by PEFCO will contain twelve-year repayment terms at a fixed interest
rate. The two Boeing 737-800 aircraft involved in this financing have a list
price of US$146 million and are scheduled for delivery in May and November
of
2008.
"We
are
very pleased to once again count on the support of PEFCO and Ex-Im Bank.
It
allows us to keep growing our fleet and expanding our network under very
favorable financing terms," commented Victor Vial, CFO of Copa
Holdings.
PEFCO
offers a broad range of financing programs as a direct lender and as a secondary
market buyer of export loans originated by lenders. To be eligible for financing
by PEFCO, all loans must be protected against nonpayment under an appropriate
guarantee or insurance policy issued by Ex-Im Bank or certain other U.S.
Government institutions.
Copa
Holdings, through its Copa Airlines and Aero Republica operating subsidiaries,
is a leading Latin American provider of international airline passenger and
cargo service. Copa Airlines, based in Panama City, Panama, currently offers
approximately 116 daily scheduled flights to 40 destinations in 21 countries
in
North, Central and South America and the Caribbean. In addition, Copa Airlines
provides passengers with access to flights to more than 120 other international
destinations through code share agreements with Continental Airlines and
other
airlines. Aero Republica, the second-largest domestic carrier in Colombia,
provides service to 12 cities in Colombia as well as international connectivity
with Copa Airlines' Hub of the Americas through flights from Bogota,
Bucaramanga, Cali, Cartagena and Medellin.
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. | ||
| (Registrant) | ||
| |
|
|
| Date: 12/04/2007 | By: | /s/ Victor Vial |
| Name: | Victor Vial | |
| Title: | CFO | |