Panama-based Copa Holdings has mandated JP Morgan to supply the US ExIm Bank guaranteed funding for five Next Generation Boeing 737-800 deliveries scheduled for this year.
The facility totals $175 million and includes 12-year financing terms. Copa explains the facility is available upon aircraft delivery on a floating or fixed rate basis.
Copa in March of this year was the first Latin American airline to take delivery of a 737 with the new updated Sky Interior featuring cove lighting, curving architecture and lager stowage bins.
ATI has previously reported that Copa plans to take delivery of 10 737-800s this year, and that aircraft delivered after May will feature CFM56-7BE "Evolution" engines that should drive a 2% reduction in fuel consumption and carbon emissions.
Copa Holdings, which includes its Copa Colombia unit, currently operates a fleet of 40 Next Generation 737s and 26 Embraer E-190s.