EXHIBIT 12.1
Certification
I, Pedro Heilbron, certify that:
1. I have reviewed this annual report on Form 20-F/A of Copa Holdings, S.A.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
Date: December 21, 2011
By: | /s/ Pedro Heilbron | |
Pedro Heilbron | ||
Chief Executive Officer |