COPA 737 MAX 8 Artwork K66325

MIAMI — Copa Airlines (CM / CMP) has become the latest customer for the 737 MAX in Latin America, after announcing today a final order for 61 aircraft—divided between MAX 8 and MAX 9 variants—with a worth value calculated in US$6.6 billion at list price. These airplanes were previously listed in Boeing’s logbook under an unidentified customer.

The announcement was held during the 7th Summit of the Americas in Panama City. Pedro Heilbron, CEO of Copa Airlines, commented that “The Next-Generation 737 is the backbone for our fleet today, and our order for the 737 MAX shows our continued commitment for the future to bring people together across all of the Americas using the most modern and efficient airplanes in the sky as well as our Hub of the Americas, in Panama City.”

Copa Airlines Boeing 737 MAX (Credits: Boeing)
Copa Airlines Boeing 737 MAX (Credits: Boeing)

Currently, Copa Airlines has a sound fleet of 70 737s—all of them Next Generation—and they have an average age of approximately 5.4 years. The airline serves 73 destinations in 30 countries in the Americas and the Caribbean through its hub located at Tocumen International Airport (PTY) in Panama City.

Copa Airlines becomes the third operator of the 737 MAX in Latin America, and it is the second to order the MAX 9 series. In October 2012, GOL Transportes Aéreos (G9) became the launch customer of the model in the region with 60 aircraft. A month later, Aeromexico (AM) followed suit with a similar order. None of them have ordered the MAX 7 so far.

Out of the 2715 orders of the MAX, just a shy 6.6% correspond to operators in Latin America; a similar number comes from the logbook of the A320neo family in the region, with just 220 units (7,4%) out of the 2981 aircraft ordered in firm.