Copa forecasting 10% growth in 2010
Written by thomas · Filed Under CommercialJanuary 21, 2010
Pedro Heilbron, CEO of the airline, announced this week that it will grow approximately 10% in 2010. He stated the airline will take delivery of nine new aircraft which involves an investment of $600 million based on the list price of the aircraft. This is the largest number of aircraft to be delivered to the airline in its history. Approximately 100 new employees will be needed, including pilots and in-flight and technical personnel for each new aircraft. He expects to have more than 5,500 employees by the end of 2010. He also mentioned that the airline carried 7.2 million passengers in 2009 and is forecasting 7.8 million in 2010 as it continues to expand its “hub of the America” and service to 51 destinations in the Americas. According to a recent study by IATA, Copa Airlines leads the fastest growing airline Industry sector in Panama, which contributes 6.1% to the country’s GDP.
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