SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
Report
on Form 6-K dated for
the month of May,
2008
Copa
Holdings, S.A.
(Translation
of Registrant's Name Into English)
Boulevard
Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanización
Costa del Este
Parque
Lefevre
Panama
City, Panama
(Address
of principal executive offices)
(Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
Form
20-F x Form
40-F o
(Indicate
by check whether the registrant by furnishing the information contained in
this
Form is also thereby furnishing the information to the Commission pursuant
to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes o No x
(If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b);82- )
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PRESS
RELEASE
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CONTACT:
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Joseph
Putaturo - Panama
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Director-Investor
Relations
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(507)
304-2677
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Copa
Holdings, S.A. Completes Equity Offering
PANAMA
CITY, May 21 /PRNewswire-FirstCall/ -- Copa
Holdings S.A. (NYSE:CPA) announced today that Continental Airlines, Inc.
(NYSE:
CAL) sold its remaining interest in Copa in an SEC registered equity offering.
Pursuant to the registration statement filed by Copa on March 13, 2007,
Continental sold 4,375,000 shares of Class A common stock at a price of
$35.75
per share, resulting in net proceeds of US$149,758,875. The underwriters,
Morgan Stanley & Co. Incorporated, acting as sole bookrunning manager, and
UBS Investment Bank, acting as joint lead manager, exercised their
over-allotment option. None of Copa Holdings’ other shareholders sold
their shares in this offering and Copa Holdings did not receive any of
the
proceeds from the offering.
The
final
prospectus relating to this offering may be obtained by contacting Morgan
Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, NY
10014, Attention: Prospectus Department, e-mail: prospectus@morganstanley.com,
telephone: toll free at 1-866-718-1649.
Copa
Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries,
is
a leading Latin American provider of passenger and cargo service. Copa
Airlines
currently offers approximately 125 daily scheduled flights among 40 destinations
in 21 countries in North, Central and South America and the Caribbean from
its
Panama City hub. Copa provides passengers with access to flights to more
than
120 other destinations through codeshare arrangements with Continental
Airlines,
Inc., pursuant to which each airline places its name and flight designation
code
on the other’s flights. Through its Panama City hub, Copa is able to consolidate
passenger traffic from multiple points to serve each destination
effectively.
CPA-G
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
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Copa
Holdings, S.A.
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(Registrant)
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Date:
05/21/2008
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By:
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/s/ Victor
Vial
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Name:
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Victor
Vial
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Title:
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CFO
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