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Panama’s Copa Airlines has no plans for merger and aims for 20 percent increase

Friday, January 21, 2011

Panama’s Copa Airlines isn’t considering combining with competitors after Lan Airlines and Tam agreed to create the biggest airline in Latin America, chief financial officer Victor Vial said.

“We don’t feel pressure to have to run and merge with anybody,” Vial said in an interview at a conference in Panama City. The combination of Santiago-based Lan and Sao Paulo-based Tam poses “no threat” to Copa, which is seeking to increase capacity by 20 percent this year, Vial said.

Original source: Bloomberg