Copa’s Growth to Increase Panama’s Economy with Tourism and Job Development

Panama-centered Copa Airways has declared its programs for growth in 2023, even further strengthening the Central American country’s position as the ‘Hub of the Americas.’

Below its enlargement programs, the provider will add 15 Boeing 737 MAX plane to its fleet, introduce at the very least 3 new routes, and strengthen the frequency of flights to various locations in its network. As a end result, according to Copa Airways, it expects to serve 11% much more passengers in 2023 than it did in 2022.

In addition to boosting the airline’s global community, the growth aims to bring much more visitors to Panama. Copa Airlines’ key hub – Panama City’s Tocumen Worldwide Airport (PTY) – is a major connecting airport in between destinations in North The united states and South The us.

Photo: Copa Airways, Boeing 737 MAX 9. Courtesy of Enrique Perrella

Beneath the ‘Panama Stopover’ scheme introduced in 2019, about 216,000 site visitors have entered the state though on layovers at the airport. A further 115,000 vacationers are anticipated to choose benefit of the method this yr.

“Copa Airways has been investing in Panama for much more than 75 years, which has aided us become the foremost airline in the location, turning the Hub of the Americas into Latin America’s preferred connection by facilitating connectivity and contributing in boosting the economic, social, and tourism sectors of both equally Panama and Latin The us,” claimed Pedro Heilbron, Chief Government Officer at Copa Airways.

“To remain sustainable and prosper in the existing elaborate and aggressive natural environment, the airline seeks to enhance its expansion, crank out positions, and maximize our immediate contributions to the country’s financial state.”

A single portion of Copa Airlines’ expansion programs is the addition of fifteen Boeing 737 MAX planes to its existing order that was created in 2015. The airline has invested all over $2.1 billion in the new plane, which are envisioned to be delivered over the following five several years. In addition, it expects to acquire six Boeing 737 MAX 9s this yr, having its total fleet of aircraft to 99.

Photo: Tocumen Intercontinental Airport, new Terminal 2. Courtesy of Enrique Perrella

Copa Airways has also agreed to buy eight Diamond DA40/42 plane for coaching functions. These light-weight aircraft will be outfitted with condition-of-the-artwork protection technological innovation and use up to 50% less gasoline than the instruction aircraft they are established to swap, improving Copa’s green credentials.

The Panamanian flag carrier is also introducing a few new locations to its network afterwards this year – Baltimore (BWI), Austin (AUS), and Manta, Ecuador (MEC). These will take Copa Airlines’ complete quantity of places to 80 throughout 33 nations around the world inside of the Americas.

The airline predicts it will serve far more than 16 million passengers in 2023, with up to 328 everyday flights by the conclusion of the yr.

Eventually, Copa Airlines will continue on its attempts to improve tourism in Panama, encouraging its passengers on layover flights to just take time out to examine the region under techniques these types of as the ‘Panama Stopover’ program and the ‘Irresistible Panama’ advertising initiative.