Panama's Copa Airlines buys 27 737's

Good news here in that Copa is buying new planes and Boeing is getting the order. The article goes on to say they may buy 8 more after these are delivered in 2012.

Excerpts:

DOW JONES NEWSWIRES

Copa Holdings SA's (CPA) Copa Airlines unit ordered 13 more of Boeing Co.'s ( BA) next-generation 737-800 airplanes for about $1 billion, nearly doubling its original order.

The Panama-based airline said Thursday it now has 27 of the planes on firm order from Boeing. There are also options for an additional eight.

Although many U.S. airlines have been cutting back capacity to align with a decline in demand, Copa and some other international airlines have fared better because of fewer flights and less competition to begin with.

Read the rest on CNNmoney.com