Copa Airlines Announces Acquisition of Two Additional Embraer 190 Jets; Airline Will Have Six Embraer 190 Aircraft by 2006.

PANAMA CITY, Panama -- Copa Airlines confirmed an order for two more Embraer 190 aircraft, adding to the original firm order for 10 aircraft that the airline announced in 2004. In addition, Copa will convert its existing order to Embraer's new 190AR (Advanced Range) version, which provides increased range and operating flexibility.

Deliveries of the two additional Embraer 190AR aircraft are scheduled for October and November of 2006.

"The Embraer 190AR jets will provide our passengers comfort, the latest in technology, and the same high-quality on-board service that we offer with our larger aircraft," said Pedro Heilbron, CEO of Copa Airlines. "Our focus is on optimum operations and the new Embraer 190AR jets are a fundamental factor in allowing us to add frequencies and destinations according to market needs."

The Embraer 190AR lets Copa Airlines balance capacity and demand in small markets that can be served more efficiently with aircraft of fewer than 100 seats, according to Copa executives.

The Embraer 190's 94-seat configuration includes 10 seats in Clase Ejecutiva (Business Class) and 84 in economy class.

In addition, the Embraer 190s are equipped with advanced technology such as winglets, ultra-efficient and powerful GE CF34 engines, and the latest in navigational equipment from Honeywell Corporation.

The Embraer 190 jets will join the fleet of 21 Boeing 737 Next Generation aircraft Copa currently uses on its flights to 31 destinations in 20 countries in North, Central and South America and the Caribbean.

Copa Airlines (www.copaair.com), which began service in 1947, today flies to 31 destinations in 20 countries in North, Central and South America and the Caribbean from its Hub of the Americas at Tocumen International Airport in Panama City, Panama. Copa offers flights to 120 additional international destinations through codeshare agreements with Continental and Mexicana airlines. Copa and Continental also share a strategic alliance partnership that includes joint participation in Continental's award-winning frequent flyer program, OnePass(R).

Embraer (Empresa Brasileira de Aeronautica S.A.) (NYSE:ERJ) (Bovespa:EMBR3) (Bovespa:EMBR4) is a major aerospace company with 35 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the global airline, defense and corporate markets. With headquarters in Sao Jose dos Campos, state of Sao Paulo, the Company has offices and customer service bases in Australia, China, France, Singapore and the United States. Embraer is among Brazil's leading exporting companies. As of March 31, 2005, Embraer had a total workforce of 16,409 people, and its firm order backlog totaled US $9.9 billion. Embraer is the world's leading manufacturer of commercial jets up to 110 seats.

Copa Airlines offers nonstop service to Panama City from four U.S. cities: daily from New York city, twice daily from Miami, daily from Los Angeles, and four times a week from Orlando. For more company information, visit www.copaair.com.