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News: Investors in Panama flight boost

Thu, 04 Oct 07

Direct flights between Amsterdam Airport Schiphol and Panama City Tocumen Airport will begin in summer 2008....

Panama City will be KLM’s 62nd intercontinental destination. Effective March 30, 2008 KLM will operate three weekly non-stop flights between Amsterdam and this destination in Central America.

The new KLM flight will be operated with Mc Donnell Douglas MD-11 equipment, offering a total of 294 seats; 24 in World Business Class and 270 in Economy Class.

Numerous connections

Flight KL757 will depart from Amsterdam on Wednesday, Friday and Sunday at 13:30 hours and will be landing in Panama City at 17:40 hours the same day.

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.

The new service will offer at both ends numerous connections to beyond flights operated by KLM from Amsterdam and to beyond flights operated by COPA Airlines from Panama City. COPA Airlines has recently joined SkyTeam as Associate Member.

Consolidation

The new, KLM operated route will further consolidate the strong market presence of Air France KLM in Latin America. COPA Airlines has made Panama City Tocumen Airport an important hub airport in the region, with over 60 regional flights per day.

Panama has Latin America’s fastest growing economy with heavy investments in both the public and private sectors. One of the major infrastructural projects is the expansion of the Panama Canal, to double the capacity and enabling it to take much bigger ships.

Other ambitious projects are a new oil refinery plant of US$ 7 billion and expanding existing and building new sea ports. Many foreign companies invest and trade in the country, especially in the banking sector.

In the past KLM has had a flight operation between Amsterdam and Panama City from 1949 till 1998.

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