Boeing wins $1 billion 737-800 order from Panama's Copa Air

Boeing Co. won an order from Copa Holdings SA's Copa Airlines for 13 737-800 airplanes, valued at about $1 billion at average list prices, as the carrier expands in Latin America.

Copa Airlines signed an option to buy another eight aircraft, the Panama City-based carrier said in a statement today. Delivery is scheduled to begin in 2012 and end in 2015, the airline said.

The planes will feature the new interior Chicago-based Boeing unveiled in April, which draws from the 10 years of research that architects and psychologists performed for the new 787 Dreamliner. Improvements to the new 737s include a 2 percent reduction in fuel consumption that will be made by 2011 through changes to the airframe and engines.

Boeing rose 34 cents to $41.70 at 12:01 p.m. in New York Stock Exchange composite trading, and Copa fell $1.58, or 3.8 percent, to $39.66.