Copa Holdings, S.A. (Copa) is a provider of airline passenger and cargo service, through its two principal operating subsidiaries, Copa and AeroRepublica. AeroRepublica provides service primarily within Colombia complemented by international flights from various cities in Colombia to Panama City and Caracas. The Company operates a fleet of 55 aircraft, 27 Boeing 737-Next Generation aircraft, 24 Embraer 190 aircraft and four MD-80 aircraft. Copa offers approximately 152 daily scheduled flights among 45 destinations in 24 countries in North, Central and South America and the Caribbean from its Panama City hub. It provides passengers with access to flights to more than 120 other destinations through codeshare arrangements with Continental, pursuant to which each airline places its name and flight designation code on the other’s flights.