Copa Holdings to be granted $178 million soft loan to buy Boeing 737-800s

Copa Holdings, the parent of Panama's Copa Airlines, said that it will get $178.5 million in subsidized financing to buy five Boeing aircraft.

Copa said JPMorgan Chase will provide a 12-year term loan guaranteed by the US Export-Import Bank at "very competitive rates."

The aircraft scheduled for delivery this year are Boeing 737-800s.

Original source: Associated Press