Copa Holdings, S.A. (Copa Holdings) is a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia. Copa Airlines operates from its located position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. As of December 31, 2013, the Company operates a fleet of 90 aircraft, 64 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. The Company offers approximately 327 daily scheduled flights among 66 destinations in 29 countries in North, Central and South America and the Caribbean from its Panama City hub. The Company provides passengers with access to flights to more than 150 other destinations through codeshare arrangements with UAL and other airlines.