Panama-based Copa Airlines has signed an agreement with Boeing for the purchase of up to 60 Boeing 737 MAX aircraft, valued at approximately $13.5 billion.
The deal, announced on Tuesday, includes involvement from GE Aerospace and adds to 40 Boeing aircraft already pending delivery. This will enable Copa to incorporate more than 100 new planes over the next eight years, potentially expanding its fleet beyond 200 aircraft by 2034.
Deliveries of the new 737 MAX 8, MAX 9, or MAX 10 variants are scheduled between 2030 and 2034, subject to production timelines. The aircraft can support fleet growth or replacement of existing planes based on operational needs.
Copa CEO Pedro Heilbron stated during the signing in Panama City that the acquisitions will enhance regional connectivity through the airline’s Hub of the Americas. The expansion supports projections of over 27 million passengers by the end of the decade.