Expansion years
After the purchase of the trademark rights in 2005, Chairman George Novey unveiled on a Fokker F-27 aircraft PARSA's new identity Air Panama. Shortly afterward, the airline introduced new scheduled services to other regional destinations around Panama and began to acquire turboprop aircraft such as the Saab 340 and the Bombardier Dash 8-300 series, replacing the aging British Aerospace Jetstream 31 and Fokker F27 Friendship fleet.
In 2009, Air Panama reached a historic milestone when it transported its one millionth passenger. That same year, the airline entered the jet age when it acquired two Fokker 70s. In 2011, Air Panama bought two used Fokker 50s previously owned by Scandinavian Airlines System and transported around 172,154 people. In January 2012, Air Panama announced a codeshare agreement with Copa Airlines, Panama's flag carrier and largest airline, linking all tourist destinations within Panama with several in Latin America. The agreement became effective five months later when the company started charter regional flights to Isla Colon from Tocumen International Airport.[3] As of 2016, this codeshare is no longer active.
On 29 February 2012, domestic competitor Aeroperlas Regional ceased operations due to financial troubles, leaving Air Panama as the sole regional carrier in the country.[4] The same month, the airline expressed an interest in initiating a non-stop international route from Panama to the Cayman Islands, using jet-powered aircraft.[5][6] In anticipation for these flights, Air Panama ordered two Fokker 100 aircraft, receiving the first one in June and the second two months later. As of February 2015, the planned service to the Cayman Islands is on standstill. Almost six months after Aeroperlas' bankruptcy, Air Panama assumed all of its domestic routes.[7]
In November 2012, Air Panama launched an updated version of its website (www.airpanama.com), with a new operational system that allowed travelers to purchase tickets in real time and to see flight schedules and status. It was the first time the airline had extensively overhauled its website since its official rebranding in 2006.
In 2013, Air Panama sold the two Fokker 70s in favour of more spacious Fokker 100s. Between August and November of the same year, the airline acquired two Boeing 737-300s as part of a strategic expansion plan into the international market, which started with the launch of scheduled commercial services to Medellín, Colombia, in June 2014.[8]
In 2015, the airline added three more Fokker 100 aircraft. In July 2015, the airline began daily non-stop flights from Panama to San José, Costa Rica. Services to Costa Rica from David, Chiriqui are still maintained. On December 1, of the same year, Air Panama started services to Armenia, its second destination in Colombia.
