• The packages are promoted by Copa Vacations through their wholesalers in Brazil and Argentina.

• This is a joint effort made by the ATP, Copa Airlines and Air Panama to promote Bocas del Toro as a tourist destination at an international level.

Panama City, July 19, 2012. - The Panama Tourism Authority and the Panamanian airlines Copa Airlines, a subsidiary of Copa Holdings, SA {NYSE: CPA} and AirPanama, announced today that Copa Airlines travelers coming from South America whom wish to visit Bocas del Toro,  can now do so, as of July 1, by connecting with a direct flight on Air Panama, which departs from the Hub of the Americas-the hub for Copa Airlines at Tocumen International Airport.

The new route is the culmination of agreements between the ATP and each of the Panamanian airlines, with the aim of promoting Bocas del Toro as a tourist destination at an international level. The flight, which will connect Colon Island in Bocas del Toro with Panama City, through the Tocumen International Airport, will allow this province in western Panama to become integrated into the supply of tourist destinations that Copa Airlines provides to its wholesalers in Brazil and Argentina, as part of the Copa Vacations tour packages.

connecting our passengers from Brazil and Argentina with one of the principal tourist regions of Panama," said the CEO of Copa Airlines, Pedro Heilbron.

"The connection of such an attractive destination as Bocas del Toro with important  markets like Brazil and Argentina, via Copa Airlines flights, is an open door to numerous opportunities that the tourism sector should take advantage of," noted Salo Shamah, General Manager of the ATP.

"By offering this connection, in conjunction with COPA and with the support of the ATP, we contribute to the development of this destination for the benefit of all."

The route will be flown twice weekly, departing Thursday and Sunday at 10:30 am to arrive at Colon Island at 11:36 am, and returning those same days at 12:10 pm with an arrival at the Tocumen Airport at 1:16 pm. The flights leave from the domestic terminal at Tocumen International Airport in Panama City.

Copa Airlines and Copa Airlines Colombia, subsidiaries of Copa Holdings, are the leading airlines in Latin American for passengers and cargo, currently offering services to 64 destinations in 29 countries in North, Central and South America and the Caribbean. They have one of the youngest and most modern fleets in the industry, comprised of 80 aircrafts: 54 Boeing 737 NG and 26 Embraer-190. To make reservations and select your seat, look up your MileagePlus number, keep track of flights taken, check in for flights, print boarding passes and pay for tickets via secure transactions in eleven different currencies, visit: copa.com.

Copa recently launched a mobile website, m.copa.com, making it the first airline in Latin America to offer travelers the ability to use electronic boarding passes. Copa Airlines joined Star Alliance in 20**.

ABOUT ATP:

The Panama Tourism Authority is a state agency with an efficient and modern structure that permits it to develop, promote and regulate tourism as an activity of prioritized national interest, useful to the public and of social interest; i

The ATP works to identify and protect national tourism resources, working to ensure that touristic activities preserve the ecological balance of the area and respect the customs of its 

inhabitants, and to optimize the quality of tourism services through its accreditation that complies with international standards.

The ATP also aims to develop the principles and policies applicable to the tourism master plans that are adopted, and to establish the tools, strategies and mechanisms necessary for the promotion, facilitation, consultation and participation of public and private sectors in tourism, along with measures to guide, orientate and support national and foreign tourists.