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Copa And Continental  
User currently offlineSJU767 From Puerto Rico, joined Feb 2004, 114 posts, RR: 0
Posted (10 years 8 months 2 weeks 1 day 4 hours ago) and read 3065 times:


Do you think Copa will be taken in by CO like Air Micronesia was. It seems like CM mirrors CO in all aspects.

23 replies: All unread, jump to last
 
User currently offlineAFROTC From United States of America, joined Mar 2004, 191 posts, RR: 1
Reply 2, posted (10 years 8 months 2 weeks 1 day 4 hours ago) and read 3030 times:

i think it already is isnt it. i looked at the copa website just to see what they are about it seems that way


We've Been Looking For You, United States Airforce, Cross Into The Blue!
User currently offlineEddieDude From Mexico, joined Nov 2003, 7613 posts, RR: 42
Reply 3, posted (10 years 8 months 2 weeks 1 day 4 hours ago) and read 3012 times:

I think CO holds 49% of the capital stock of CM. I just don't know if CO will be able to become the owner of 100% of CM. There are limitations on foreign investment in airline companies in many Latin American countries and Panama could be one of them.


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User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5552 posts, RR: 7
Reply 4, posted (10 years 8 months 2 weeks 18 hours ago) and read 2834 times:

Correct, Eddie. Panama limits direct foreign ownership to 49%; they do allow, however, additional indirect foreign ownership through the use of Panamanian nominees, that is, Panamanian fiduciaries who hold stock in their names for the benefit of foreign owners.

Continental's last 10-K indirectly gave Copa's earnings as about $24 million in 2003, with CO's interest being about $12 million. Pretty good performance by Copa.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineScbriml From United Kingdom, joined Jul 2003, 12785 posts, RR: 46
Reply 5, posted (10 years 8 months 2 weeks 17 hours ago) and read 2802 times:
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Well, their colour schemes are just about identical already Big grin


Time flies like an arrow, but fruit flies like a banana!
User currently offlineKdonohue From Canada, joined Sep 2001, 375 posts, RR: 0
Reply 6, posted (10 years 8 months 1 week 6 days 20 hours ago) and read 2688 times:

I wrote a piece on Copa Airlines for Airways Magazine. Send me a message if you would like me to forward a copy of the article.

Kind regards,

Ken


User currently offlineChepos From Puerto Rico, joined Dec 2000, 6229 posts, RR: 11
Reply 7, posted (10 years 8 months 1 week 6 days 13 hours ago) and read 2615 times:

Kdonohue you wrote the copa article that appeared on the June 2003 issue? It was a very well written article but I was wondering why a flight review wasn't done, like it has been done with Aerolineas Argentinas, MAS, Qatar?
Chepos



Fly the Flag!!!!
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1279 posts, RR: 14
Reply 8, posted (10 years 8 months 1 week 6 days 12 hours ago) and read 2602 times:

CO also has plenty of management permeated within COPA and, as an example, Pete Garcia, CO's vp for Latin America, sits on COPA's board of directors.

Their product is very similar, if not identical, and I know in smaller stations the two closely cooperate on ground handling, back-end functions, etc., further reducing costs.

KDonohue - great article. I wish you could have tapped Dann Gunn or Pedro Heilbron, those two would have made for great interviews.


User currently offlineEzra From United States of America, joined Mar 2000, 475 posts, RR: 2
Reply 9, posted (10 years 8 months 5 days 8 hours ago) and read 2470 times:

If CO owns 49% of Copa, and can/could control more through the use of a Panamanian nominee, why does the company remain known as "Copa." Why not just change the name to "Continental" as was done with AirMike? I guess CO could even license the name to Copa.

User currently offlineHugojimenez From , joined Dec 1969, posts, RR:
Reply 10, posted (10 years 8 months 5 days 8 hours ago) and read 2431 times:

CO practically "owns" CM. 49 % of Copa´s shares are in CO hands. Continental takes most important decisions on CM.

Most f/a, pilots, the Chairman of the Board are Panamanian (but not all).

Maybe our friend Felipe Escalona can help us.

CO737 WHERE ARE YOU??????????????????????


User currently offlineHugojimenez From , joined Dec 1969, posts, RR:
Reply 11, posted (10 years 8 months 5 days 8 hours ago) and read 2397 times:

Sorry!

One mistake: is not CO737 but "Copa737".

Thanks,

hj


User currently offlineCory6188 From United States of America, joined Feb 2004, 2692 posts, RR: 6
Reply 12, posted (10 years 8 months 5 days 8 hours ago) and read 2353 times:

If CO has 5th freedom rights in Panama, CM could turn into a Continental Micronesia type of operation. At CO Mike, the employees are all Micronesian (at least I believe so), just like the employees of Continental Panama (what would the new name be?) would be Panamaian.

CO could dissolve CM's assets into the CO company and just operate the same routes under the CO banner? Isn't that what happened with Air Micronesia before it was bought by CO?


User currently offlineTZFALAX From United States of America, joined Feb 2004, 81 posts, RR: 1
Reply 13, posted (10 years 8 months 5 days 7 hours ago) and read 2304 times:

Its been about 5 years since I worked at CO but I was under the impression the we pretty much ran Copa. Our Res managers were always going to Panama to train their agents. Greg B even stated one time at one of the annual "town hall" meetings, "has anyone noticed how similiar Copa's livery looks to ours?". Even heard at one point the Copa was an acronym for Continental(CO) Panama(PA).

User currently offlineHugojimenez From , joined Dec 1969, posts, RR:
Reply 14, posted (10 years 8 months 5 days 7 hours ago) and read 2286 times:

If CO owns 49% of Copa, and can/could control more through the use of a Panamanian nominee, why does the company remain known as "Copa."

Ezra

The correct name is "Copa Airlines".


User currently offlineHugojimenez From , joined Dec 1969, posts, RR:
Reply 15, posted (10 years 8 months 5 days 7 hours ago) and read 2269 times:

>photoid:530736<

A Brief History
Founded in 1947, flies domestically to three cities within the Republic of Panama with three Douglas C-47 aircraft.

In the 60s Copa begins international service with three weekly flights to San Jose, Kingston, Barranquilla and Medellin, operating AVRO 748 and ELECTRA 188 aircraft.

In the 70s, adds Guatemala and drops domestic flights, becoming an international airline

In the 80s, acquires its first B 737-100, adding flights to Cartagena, Port Au Prince, Santo Domingo, San Juan and Miami.

In the 90s, adds Mexico, Santiago de Chile, Cali, Bogota, Montego Bay, Quito, Guayaquil, Lima and Havana.

In 1998, Copa Airlines and Continental Airlines enter into a strategic alliance -- one of the most important in Latin American aviation.

In the year 2000, Copa Airlines begins flying to Cancun, Orlando, Sao Paulo and Los Angeles.



Info got it from www.copaair.com



User currently offlineCopa737 From Panama, joined Jan 2002, 331 posts, RR: 5
Reply 16, posted (10 years 8 months 5 days 7 hours ago) and read 2233 times:

Hi,

Well, Motta international used to be the owner of the capital stock of CM. Now Continental have the 49%.Well, its true the most important decisions are taken by CO.

Most f/a, pilots, the Chairman of the Board are Panamanian (but not all).

Yes, most of the pilots are Panamanian there are few from Costa Rica I think, I'm not sure but I think you need to be a Panamanian in one way. (Por suelo, sangre o domicilo). If you are born in Panama City you are Panamanian, if your parents are Panamanian you are a Panamanian too. And if you married with a Panamanian you can be also Panamanian in few years. Those are the three ways. If you are born in China and have no vinculation with the Panamanian Nationality I think you can't work for Copa as a pilot.

The F/a are Panamanian I can say most of them if not all. The CEO Pedro Heilbron is Panamanian. Also the vice president Juan Garcia. And most of the highest ranking officers are Panamanian. I think they are doing a great work as the people that work in the Panama Canal that was owned by the US government

The Original name of COPA is Compania Panamena de Aviacion but since the alliance with CO its now called Copa Airlines just to have a more international and modern name.

Regards,

Felipe






Panamá Crece y Copa Airlines crece con Panamá!
User currently offlineCopa737 From Panama, joined Jan 2002, 331 posts, RR: 5
Reply 17, posted (10 years 8 months 5 days 7 hours ago) and read 2214 times:

Hugo,

In the year 2004, Copa will received four new airplanes and will start flights to New York (JFK). Adding more frequencies to many destinations.

Felipe



Panamá Crece y Copa Airlines crece con Panamá!
User currently offlineHugojimenez From , joined Dec 1969, posts, RR:
Reply 18, posted (10 years 8 months 5 days 3 hours ago) and read 2126 times:

Felipe:

Thanks for your comments. By the way, I think is important your opinion, as Panamanian, if

"Do you think Copa will be taken in by CO like Air Micronesia was. It seems like CM mirrors CO in all aspects",

as stated by our host in this forum.

By the way Felipe, according with Panamanian Law, their is no need to be a Panamanian citizen or national (ius soli, ius sanguinis or with domicile) and work as a Copa pilot.


User currently offlineOzarkD9S From United States of America, joined Oct 2001, 5195 posts, RR: 21
Reply 19, posted (10 years 8 months 5 days ago) and read 2057 times:

How integrated will Copa be in SkyTeam? Will it be an associate via CO or a full fledged member? I realize nothing's been announced yet, but doesn't SkyTeam have some sort of associate program for smaller airlines?


Next up, STL-ATL-MSY-ATL-STL
User currently offlineSyncmaster From United States of America, joined Jul 2002, 2039 posts, RR: 10
Reply 20, posted (10 years 8 months 5 days ago) and read 2026 times:
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I would imagine CM will be fairly integrated into SkyTeam, they will be able to create a fairly strong link to Latin America for SkyTeam.

Was the 49% buyout of CM by CO more or less the reason for fleet renewal, especially to 737NG's?


User currently offlineKdonohue From Canada, joined Sep 2001, 375 posts, RR: 0
Reply 21, posted (10 years 8 months 4 days 21 hours ago) and read 1970 times:

LatinAviation,

I did interview Pedro Heilbron for the Copa piece. Quite a nice guy.

Chepos, Interestingly I haven't done a trip report on any of my stories for the magazine. Usually David Forward does the trip reports for his stories - he has a lot more experience comparing various airlines.

K.


User currently offlineGoldentail From United States of America, joined Mar 2004, 75 posts, RR: 3
Reply 22, posted (10 years 8 months 4 days 18 hours ago) and read 1927 times:

sju767
Actually to correct your original post....CO did not take over CO Micronesia.
Air Mike as it's called out there was always part of CO.

Rgds, M



"The Proud Bird -w- The Golden Tail"
User currently offlineCOAB767 From Guam, joined Nov 2003, 1377 posts, RR: 9
Reply 23, posted (10 years 8 months 4 days 13 hours ago) and read 1875 times:

Just to let everybody know not all of Air Mike's employees are Guamanian or pacific islander for that reason we have a lot haole's working in GUM.


Continental Micronesia: "Fly With The Warmth Of Paradise"
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