The primary objective and goal of PIA is to provide low-fare, low-cost passenger service with unequaled high-quality customer service primarily on point-to-point routes in the Caribbean and Central America.

PIA will focus on servicing underserved markets in both Central America and The Caribbean that have demonstrated high average fares and no direct service between the proposed origin and destination points. PIA will have a geographically diversified flight schedule that includes both short-haul and medium-haul routes.

PIA will commence service in January, 2006, and establish our initial base of operations at Panama City's Panama International Airport. The company intends to expand its base of operations to include Nassau , Bahamas Airport.

PIA management intends to maintain a disciplined growth strategy by increasing frequency on the company's intended initial routes as well as introducing service to attractive new markets.

The development of PIA is based on operating a single aircraft type with high utilization, to thus minimize both operational and maintenance costs. PIA is also hiring a highly productive and motivated workforce that will strive to offer high-quality customer service, while at the sametime focusing on keeping costs low.

PIA's low fares will be designed to stimulate demand, and the company's marketing program will highlight our price advantages to increase passenger traffic in the markets PIA will serve.