Exhibit 8.1
SUBSIDIARIES OF THE REGISTRANT
| NAME |
JURISDICTION OF INCORPORATION | |
| COPA HOLDINGS, S.A |
Panamá | |
| COMPAÑÍA PANAMEÑA DE AVIACIÓN, S.A. |
Panamá | |
| ENTERPRISES SUPPORT, INC |
Panamá | |
| AEROFINANCE CORPORATION |
British Virgin Islands | |
| AERO CORPORATION ONE LTD |
British Virgin Islands | |
| AERO CORPORATION TWO LTD |
British Virgin Islands | |
| FINANCIAL LEASING HOLDINGS, INC |
British Virgin Islands | |
| AEROREPUBLICA, S. A. |
Colombia | |
| OVAL FINANCIAL LEASING LTD. |
British Virgin Islands | |
| ALSACE HOLDINGS LTD |
British Virgin Islands | |
| ANCON LEASING |
British Virgin Islands | |
| NEW WINGS LEASING, INC. |
Delaware | |
| INTERNATIONAL AVIATION LEASING GROUP LTD |
British Virgin Islands | |
| INTERNATIONAL AVIATION LEASING GROUP TWO LTD |
British Virgin Islands | |
| NEW TRIUMPH PACIFIC |
British Virgin Islands | |
| NEW TRIUMPH ENGINE TWO |
British Virgin Islands | |
| ONMAX ENTERPRISES LIMITED |
British Virgin Islands | |
| REGIONAL AIRCRAFT HOLDINGS, LTD |
British Virgin Islands | |
| LEASE MANAGEMENT SERVICES LLC |
Delaware | |
| ASIAN AIRCRAFT LEAS. LTD. |
Irlanda | |
| ASIAN AIRCRAFT LEAS. 2 LT |
Irlanda | |
| ASIAN AIRCRAFT LEAS. 3 LT |
Irlanda | |
| ASIAN AIRCRAFT LEA 4 LTD |
Irlanda | |
| ASIAN AIRCRAFT LEA 5 LTD |
Irlanda | |
| PANAMAX 20 LEASING LTD |
Irlanda |