The deal also included an option for Copa to buy 10 additional planes.
'It is a good deal for the thousands of people in the U.S. who make the parts and assemble the airplanes and the people in Panama who operate the airlines,' said U.S. Commerce Secretary Gary Locke, in a statement 'As we continue to grow our economy in the U.S., sales likes these will help us reach President Obama's National Export Initiative goal of doubling exports by 2015 and creating several million new jobs.'
With this sale, Copa has now purchased 55 planes from Boeing for delivery in the next four years. The U.S. aerospace industry, which supports more than 1.5 million workers, has produced a trade surplus of $31.7 billion in the first 9 months of 2010, one of the largest among manufacturing sectors, according to the Commerce Department.
Overall bilateral trade between the United States and Panama so far this year reached $4.6 billion through September.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now