Arias, Fábrega & Fábrega represented SMBC Aviation Capital, a leading global aircraft leasing company, in the financing and delivery of three (3) newly built Boeing 737-800 Next Generation aircraft to Copa Airlines, including Copa Airlines' 100th airplane.

ARIFA is one of the few law firms in Panama with experts in the field of aviation law. Over the last 20 years, ARIFA aviation group has been actively involved in the delivery, sale, and financing of aircraft leased to COPA Airlines, representing leasing companies and investors in the most complex transactions, as the Panamanian airline expands its fleet of international transport based in Tocumen International Airport.

In April, during the Summit of the Americas in Panama, Copa and Boeing signed a US$6.6 billion agreement for the purchase of 61 additional planes, which will be the new Boeing 737 MAX model.