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Copa Airlines debuts its first 737 Max 9

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Copa Airlines debuts its first 737 Max 9
Copa Airlines has unveiled its first Boeing 737 Max 9, featuring the airline's first lie-flat seats in business class and a new economy extra section.
With 166 seats on board, the aircraft will offer slightly more capacity than Copa's 737-800s which are equipped with 154 or 160 seats. The 737-9 also boasts overhead compartments that are 50% larger, says the Panamanian carrier.
The aircraft marks a "new era" for Copa, after 70 years of commercial service, says Copa chief executive Pedro Heilbron. Registered HP-9901CMP and powered with CFM International Leap-1B engines, the 737-9 was delivered to the Star Alliance carrier in late August. The Max fleet is expected to reduce the airline's fuel consumption by 14%.
Copa will debut the aircraft on revenue service to Tampa and Miami on 20 September, followed by San Francisco on 21 September. The narrowbody will rotate among Tampa, Miami, San Francisco and Los Angeles initially, Heilbr…

Wingstop Opens in Panama

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Wingstop Opens in Panama
Wingstop Restaurants Inc. (NASDAQ:WING), the award-winning wing concept with more than 1,100 locations globally, today announced that it has opened its first franchise restaurant in Panama City, Panama, now the ninth international operating country for Wingstop.
The opening is part of an international expansion agreement with Operadora de Restaurantes Orna, a newly formed restaurant group comprised of Grupo Lujor, a Master Wingstop Franchisee from Mexico, and International Brands Panama as the local operating partners. Operadora de Restaurantes Orna and Wingstop have plans to open an additional two locations in 2018, with a long-term goal of ten total locations over the next five years across Panama.
“Expanding Wingstop into our ninth country outside the U.S. continues our growth trajectory towards the brand becoming a top 10 global restaurant brand,” said Larry Kruguer, Chief Operating Officer at Wingstop. “Panama is a major country in Central America with an af…

Air China to Launch New Beijing-Houston-Panama City Route

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Air China to Launch New Beijing-Houston-Panama City Route
On 5 April, 2018 Air China will launch a new route from Beijing to Panama City via Houston. The new route is expected to greatly facilitate exchanges between both countries as well as neighbouring regions, while providing passengers with a greater range of options.
In June 2017, China and Panama signed the Joint Communique on the Establishment of Diplomatic Relations Between the People's Republic of China and the Republic of Panama. This formal establishment of diplomatic relations carries forth a relationship that dates back more than 160 years into a new era. China is Panama's second largest trading partner and the second largest user of the Panama Canal, while Panama is China's largest trading partner in Central America. In 2017, bilateral trade amounted to nearly US $6.7 billion, while two-way passenger traffic totalled nearly 40,000, growing at an annual rate of almost 30%.
Best known for the Panama Canal, Panama …

Banistmo Completes $50 Million USD Bond Issuance

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Banistmo Completes $50 Million USD Bond Issuance
In the first round of a planned $300 million USD series of corporate bond issuances, Banistmo, through its brokerage firm Valores Banistmo, has issued $50 million USD in the Panamanian capital market.
According to Medellín-based parent company Bancolombia, the funds raised will be used to finance the growth of the bank’s loan portfolio and diversify sources of funding. “This placement reaffirms confidence in the strength of the institution and Banistmo’s commitment to contributing to the development of local and regional capital markets,” added Bancolombia in a statement.
This issuance was co-structured by Banca de Inversión Banistmo and Banca de Inversión Bancolombia, and has received a local long-term rating of AAA (Pan) from big three credit rating agency Fitch Ratings.
Valores Banistmo has more than 1,500 clients throughout Latin America, primarily in Colombia and Panama, with some $2 billion USD in assets under management.
Panama Busine…