EddieDude From Mexico, joined Nov 2003, 7721 posts, RR: 41
Reply 3, posted (11 years 3 months 3 weeks 3 days 17 hours ago) and read 3241 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.
Next flights: MEX-JFK-FCO AM 788/AZ 77E | DBV-BEG-BUD JU AT7/733 | BUD-AMS 738 | AMS-MEX 74M
MasseyBrown From United States of America, joined Dec 2002, 5846 posts, RR: 7
Reply 4, posted (11 years 3 months 3 weeks 3 days 7 hours ago) and read 3063 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'.
Chepos From Puerto Rico, joined Dec 2000, 6301 posts, RR: 10
Reply 7, posted (11 years 3 months 3 weeks 2 days 2 hours ago) and read 2844 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?
Ezra From United States of America, joined Mar 2000, 481 posts, RR: 2
Reply 9, posted (11 years 3 months 2 weeks 22 hours ago) and read 2699 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.
Cory6188 From United States of America, joined Feb 2004, 2716 posts, RR: 5
Reply 12, posted (11 years 3 months 2 weeks 21 hours ago) and read 2582 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?
TZFALAX From United States of America, joined Feb 2004, 82 posts, RR: 1
Reply 13, posted (11 years 3 months 2 weeks 21 hours ago) and read 2533 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).
Copa737 From Panama, joined Jan 2002, 331 posts, RR: 4
Reply 16, posted (11 years 3 months 2 weeks 20 hours ago) and read 2462 times:
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.
OzarkD9S From United States of America, joined Oct 2001, 5389 posts, RR: 20
Reply 19, posted (11 years 3 months 2 weeks 13 hours ago) and read 2286 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?
Kdonohue From Canada, joined Sep 2001, 388 posts, RR: 0
Reply 21, posted (11 years 3 months 2 weeks 11 hours ago) and read 2199 times:
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.