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Copa Airlines Confirms Order for 40 Boeing 737 MAX Jets, With Options for 20 More

The long-range purchase positions Panama’s hub carrier for major growth through the next decade.

A 737 MAX airplane is seen on the final assembly production line during a media tour of the Boeing factory in Renton, Washington, U.S., April 15, 2026. REUTERS/Genna Martin/File Photo
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Copa Airlines is Panama's flagship carrier with flights throughout the Americas

Overview

  • Copa Airlines, which announced the agreement Tuesday at a Panama City signing ceremony, placed 40 firm orders for 737 MAX jets and obtained options for 20 more.
  • The commitment is valued at about $13.5 billion based on list prices, a figure companies use for headline valuations that typically exceed final transaction totals.
  • New aircraft are slated to arrive between 2030 and 2034, and Copa can choose among MAX 8, MAX 9, and MAX 10 models to support both expansion and replacement of older jets.
  • Together with its existing order book, the plan adds more than 100 MAX aircraft and could lift Copa’s fleet to roughly 200 planes by 2034.
  • Panama’s government is preparing upgrades at Tocumen International Airport to handle the growth, as Copa’s all‑737 fleet links about 88 destinations across the Americas from its “Hub of the Americas.”