SJU767
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Copa And Continental

Mon Mar 15, 2004 6:25 am


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

Mon Mar 15, 2004 6:31 am

i think it already is isnt it. i looked at the copa website just to see what they are about it seems that way
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EddieDude
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RE: Copa And Continental

Mon Mar 15, 2004 6:33 am

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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masseybrown
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RE: Copa And Continental

Mon Mar 15, 2004 5:02 pm

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.
 
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scbriml
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RE: Copa And Continental

Mon Mar 15, 2004 5:58 pm

Well, their colour schemes are just about identical already Big grin
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kdonohue
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RE: Copa And Continental

Tue Mar 16, 2004 2:50 pm

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
 
chepos
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RE: Copa And Continental

Tue Mar 16, 2004 10:07 pm

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
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latinaviation
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RE: Copa And Continental

Tue Mar 16, 2004 10:18 pm

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.
 
Ezra
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RE: Copa And Continental

Thu Mar 25, 2004 2:08 am

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.
 
hugojimenez
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RE: Copa And Continental

Thu Mar 25, 2004 2:15 am

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.

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hugojimenez
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RE: Copa And Continental

Thu Mar 25, 2004 2:21 am

Sorry!

One mistake: is not CO737 but "Copa737".

Thanks,

hj
 
Cory6188
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RE: Copa And Continental

Thu Mar 25, 2004 2:41 am

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
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RE: Copa And Continental

Thu Mar 25, 2004 3:09 am

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).
 
hugojimenez
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RE: Copa And Continental

Thu Mar 25, 2004 3:17 am

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".
 
hugojimenez
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RE: Copa And Continental

Thu Mar 25, 2004 3:27 am

>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

 
COPA737
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RE: Copa And Continental

Thu Mar 25, 2004 3:50 am

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!
 
COPA737
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RE: Copa And Continental

Thu Mar 25, 2004 3:54 am

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!
 
hugojimenez
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RE: Copa And Continental

Thu Mar 25, 2004 7:39 am

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.
 
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OzarkD9S
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RE: Copa And Continental

Thu Mar 25, 2004 10:28 am

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?
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syncmaster
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RE: Copa And Continental

Thu Mar 25, 2004 10:38 am

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?
 
kdonohue
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RE: Copa And Continental

Thu Mar 25, 2004 1:16 pm

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.
 
Goldentail
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RE: Copa And Continental

Thu Mar 25, 2004 4:15 pm

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
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COAB767
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RE: Copa And Continental

Thu Mar 25, 2004 9:14 pm

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.
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