AeroRepublica builds Embraer fleet

AeroRepublica has signed with GE Commercial Aviation Services (GECAS) a
lease agreement for an EMB-190 aircraft to be delivered in the fourth
quarter of 2007.This agreement increases AeroRepublica’s delivery
commitments to eight Embraer 190 aircraft through 2007, three of which will
be leased through GECAS and five purchased directly form the manufacturer.
In addition to these commitments, AeroRepublica has options and purchase
rights for twenty additional EMB-190 aircraft through 2011.
  AeroRepublica will be the first airline in the domestic Colombian
market to operate the new and efficient Embraer 190 aircraft. The aircraft
will be utilized to serve AeroRepublica’s domestic routes more efficiently.
They will also play an important role in AeroRepublica’s alliance with Copa
Airlines in Panama, through the joint expansion of route networks that will
provide passengers more destinations and frequencies.
  “The 106-seat Embraer 190 will allow the company to better balance
capacity and demand, improve fuel consumption and maintenance costs and, at
the same time, provide the high level of comfort and dependability that
customers expect,” said Roberto Junguito, President, AeroRepublica.
  “The incorporation of the new Embraer 190 into AeroRepublica’s fleet is
one of the principal initiatives of the airline’s transition plan,” stated
Pedro Heilbron, CEO, Copa Holdings S.A. “This aircraft is ideal for this
market in terms of capacity and efficiency, and is a truly attractive
product for the Colombian traveler and for the entire region.”