KLM and Copa Airlines sign a codesharing agreement

AMSTELVEEN, October 11, 2007 – KLM Royal Dutch Airlines and Copa Airlines

today announced they have signed a code share agreement. From March 30th,
2008, KLM passengers on flights between Amsterdam and Panama will be able to book under KLM flight numbers
for connecting services operated by Copa Airlines. Copa Airlines passengers can connect at Panama to Amsterdam 
under a Copa flight number. 

Pedro Heilbron, CEO for Copa Airlines and Hans de Roos SVP Strategy &    Corporate Development for KLM, have signed this agreement
for flights between the two convenient hubs of Amsterdam Airport Schiphol and Panama City Tocumen Airport at a ceremony, 
held at the Sheraton Hotel in Panama City. Flying Blue and One Pass benefits will be available for passengers on both airlines on
all flights system wide. 

Pedro Heilbron commented: “This agreement is an important milestone for Copa Airlines, bringing the Amsterdam Schiphol hub and 
our hub De Las Americas in Panama closer together, delivering our customers more choice and improved travel options”. Hans de Roos commented: “We are pleased to sign a code share agreement with our new SkyTeam partner. This agreement will extend the benefits 
available to our customers and strengthen our presence in the Central and South American region”. 

The new service between Amsterdam and Panama was announced on October 1st 2007, and will start on March 30th, 2008. 
Flight KL757 will depart from Amsterdam Airport Schiphol on Wednesday, Friday and Sunday at 13:30 hours and will be landing
in Panama City Tocumen Airport at 17:40 hours the same day having multiple connection flights with the Copa network at
Panama City Tocumen Airport to many destinations in Central and South America.

Return flight KL758 will depart from Panama City Tocumen Airport on Wednesday, Friday and Sunday at 19:35 hours, 
to arrive on Amsterdam Airport Schiphol at 13:10 hours the next day.