| Manufactor Serial Number | Type | Serial / Registration Number | Owner | Fate |
| AgustaWestland AW-139 | 001 | Panama Air Force | ||
| Cessna U-17B (185) | 002 | Panama Air Force | ||
| Cessna U-17B (185) | 003 | Panama Air Force | ||
| Cessna U-17B (185) | 004 | Panama Air Force | ||
| Cessna U-17B (185) | 005 | Panama Air Force | ||
| Cessna U-17B (185) | 006 | Panama Air Force | ||
| Cessna 172N | 007 | Panama Air Force | ||
| Cessna U-206 | 008 | Panama Air Force | ||
| 81411 | Cessna 152 | 011 | Panama Air Force | |
| Cessna 152 | 010 | Panama Air Force | ||
| 66330 | Cessna 172M | 012 | Panama Air Force | |
| Cessna A-188B Ag-Wagon | 014 | Panama Air Force | Tocumen Panama | |
| Cessna T-210 | 017 | Panama Air Force | ||
| 96006 | Aero Design (Gulfstream) 695A Commander 1000 | 018 | Panama Air Force | To Guatemala |
| 190 | Enaer ECH-51D Pillan | 020 | Panama Air Force | |
| 191 | Enaer ECH-51D Pillan | 021 | Panama Air Force | |
| 192 | Enaer ECH-51D Pillan | 022 | Panama Air Force | |
| 193 | Enaer ECH-51D Pillan | 023 | Panama Air Force | |
| 203 | Enaer ECH-51B Pillan | 024 | Panama Air Force | |
| 204 | Enaer ECH-51B Pillan | 025 | Panama Air Force | |
| 205 | Enaer ECH-51B Pillan | 026 | Panama Air Force | |
| 206 | Enaer ECH-51B Pillan | 027 | Panama Air Force | |
| 207 | Enaer ECH-51B Pillan | 028 | Panama Air Force | |
| 208 | Enaer ECH-51B Pillan | 029 | Panama Air Force | |
| 208B-2231 | Cessna 208 Caravan I | 040 | Panama Air Force | |
| 208B-2242 | Cessna 208 Caravan I | 041 | Panama Air Force | |
| 31434 | Bell 212 | 100 | Panama Air Force | |
| Beechcaft 65-100 King Air | 100 | Panama Air Force | ||
| 91 | Fairchild Hiller FH-1100 | 101 | Panama Air Force | |
| Bell UH-1H-BF Iroquois (205) | 101 | Panama Air Force | Tocumen Panama | |
| 31246 | Bell 212 | 101 | Panama Air Force | To Civil |
| 119 | Fairchild Hiller FH-1100 | 102 | Panama Air Force | |
| 410 | Bell UH-1B-BF Iroquois (204) | 102 | Panama Air Force | |
| 30043 | Bell 205 | 102 | Panama Air Force | |
| 132 | Fairchild Hiller FH-1100 | 103 | Panama Air Force | |
| 30074 | Bell 205 | 103 | Panama Air Force | Written Off 1991 |
| 9128 | Bell UH-1H-BF Iroquois (205) | 104 | Panama Air Force | |
| 9131 | Bell UH-1H-BF Iroquois (205) | 105 | Panama Air Force | |
| 30044 | Bell 205 | 106 | Panama Air Force | |
| 30045 | Bell 205 | 107 | Panama Air Force | Tocumen Panama |
| 30047 | Bell 205 | 108 | Panama Air Force | |
| 30070 | Bell 205 | 109 | Panama Air Force | |
| Bell UH-1H-BF Iroquois (205) | 110 | Panama Air Force | ||
| 53496 | Bell 407 Jetranger | 110 | Panama Air Force | |
| 53496 | Bell 407 Jetranger | 110 | Panama Air Force | |
| 426 | Bell UH-1B-BF Iroquois (204) | 111 | Panama Air Force | |
| 0412E | Hughes 369E | SNA-111 | Panama Air Force | |
| 1200 | Bell UH-1B-BF Iroquois (204) | 112 | Panama Air Force | |
| Bell 407 Jetranger | 112 | Panama Air Force | ||
| Bell 407 Jetranger | 112 | Panama Air Force | ||
| 1174 | Bell UH-1B-BF Iroquois (204) | 113 | Panama Air Force | To Civil |
| 1197 | Bell UH-1B-BF Iroquois (204) | 114 | Panama Air Force | To Civil |
| 1224 | Bell UH-1B-BF Iroquois (204) | 115 | Panama Air Force | To Civil |
| 415 | Bell UH-1B-BF Iroquois (204) | 116 | Panama Air Force | |
| 844 | Bell UH-1B-BF Iroquois (204) | 117 | Panama Air Force | To Civil |
| 31248 | Bell 212 | 120 | Panama Air Force | |
| 31271 | Bell 212 | 121 | Panama Air Force | |
| Bell 212 | 122 | Panama Air Force | Written Off 2007 | |
| 9456 | Bell UH-1H-BF Iroquois (205) | 123 | Panama Air Force | |
| 32214 | Bell 212 | 123 | Panama Air Force | |
| 9866 | Bell UH-1H-BF Iroquois (205) | 124 | Panama Air Force | |
| Bell 212 | 124 | Panama Air Force | ||
| 9968 | Bell UH-1H-BF Iroquois (205) | 125 | Panama Air Force | |
| 32216 | Bell 212 | 125 | Panama Air Force | |
| 10243 | Bell UH-1H-BF Iroquois (205) | 126 | Panama Air Force | |
| 11077 | Bell UH-1H-BF Iroquois (205) | 127 | Panama Air Force | |
| 11105 | Bell UH-1H-BF Iroquois (205) | 128 | Panama Air Force | |
| Bell UH-1H-BF Iroquois (205) | 129 | Panama Air Force | ||
| Bell UH-1H-BF Iroquois (205) | 130 | Panama Air Force | ||
| Bell UH-1H-BF Iroquois (205) | 131 | Panama Air Force | ||
| Bell UH-1H-BF Iroquois (205) | 132 | Panama Air Force | ||
| Bell UH-1H-BF Iroquois (205) | 134 | Panama Air Force | ||
| 36498 | Bell 412EP | 135 | Panama Air Force | |
| 36569 | Bell 412EP | 137 | Panama Air Force | Written Off 2014 |
| AgustaWestland AW-139 | 138 | Panama Air Force | ||
| AgustaWestland AW-139 | 139 | Panama Air Force | ||
| 31459 | AgustaWestland AW-139 | 140 | Panama Air Force | |
| AgustaWestland AW-139 | 141 | Panama Air Force | ||
| AgustaWestland AW-139 | 142 | Panama Air Force | ||
| 36564 | Bell 412EP | 143 | Panama Air Force | |
| 4671 | Bell UH-1H-BF Iroquois (205) | 150 | Panama Air Force | |
| 31T-7620046 | Piper PA-31T Cheyenne II | 200 | Panama Air Force | To Civil |
| 10111 | Douglas C-47 Dakota (DC-3) | 201 | Panama Air Force | Written Off 1980 |
| 31-7812101 | Piper PA-31 Navajo | 201 | Panama Air Force | |
| Douglas C-47 Dakota (DC-3) | 202 | Panama Air Force | ||
| 20436 | Douglas C-47 Dakota (DC-3) | 203 | Panama Air Force | |
| 10207 | Douglas C-47 Dakota (DC-3) | 204 | Panama Air Force | |
| 284 | De Havilland Canada DHC-6-300 Twin Otter | 205 | Panama Air Force | Written Off 1981 |
| 722 | Britten Norman BN-2A-26 Islander | 207 | Panama Air Force | To Civil |
| 256 | Britten Norman BN-2A-6A Islander | 208 | Panama Air Force | Written Off 2008 |
| 44 | Britten Norman BN-2A Islander | 209 | Panama Air Force | |
| 31-7812113 | Piper PA-31 Navajo | 209 | Panama Air Force | |
| 448 | De Havilland Canada DHC-6-300 Twin Otter | 210 | Panama Air Force | To Civil |
| 34-7570246 | Piper PA-34-200 Seneca | 212 | Panama Air Force | |
| Piper PA-34-200 Seneca | 214 | Panama Air Force | ||
| 237 | CASA 212-200 Aviocar | 215 | Panama Air Force | Written Off 1988 |
| 241 | CASA 212-200 Aviocar | 220 | Panama Air Force | |
| 243 | CASA 212-200 Aviocar | 225 | Panama Air Force | |
| CASA 212-200 Aviocar | 227 | Panama Air Force | ||
| 683 | De Havilland Canada DHC-6-300 Twin Otter | 230 | Panama Air Force | To Civil |
| 374 | CASA 212-300 Aviocar | 250 | Panama Air Force | |
| 375 | CASA 212-300 Aviocar | 255 | Panama Air Force | |
| 376 | CASA 212-300 Aviocar | 260 | Panama Air Force | |
| 011 | CASA CN-235M-10 | 265 | Panama Air Force | To Civil |
| SH-1959 | Short SC-7 Skyvan 3M | 300 | Panama Air Force | |
| 31-181 | Piper PA-31 Navajo | 300 | Panama Air Force | |
| 56 | De Havilland Canada DHC-3 Otter | 301 | Panama Air Force | Written Off 1974 |
| 56 | Aero Design Jet Commander 1121 | 301 | Panama Air Force | |
| 82 | De Havilland Canada DHC-3 Otter | 302 | Panama Air Force | |
| 254 | De Havilland Canada DHC-3 Otter | 303 | Panama Air Force | To Civil |
| 298 | De Havilland Canada DHC-3 Otter | 304 | Panama Air Force | Written Off 1980 |
| 368 | De Havilland Canada DHC-3 Otter | 305 | Panama Air Force | Written Off 1974 |
| 2022 | Lockheed L-188C Electra | 400 | Panama Air Force | To Civil |
| 18894 / 168 | Boeing 727-044 | FAP-400 | Panama Air Force | To Government |
| 43521 | Douglas DC-6B | 401 | Panama Air Force | To Civil |
| 370 | Aero Design Commander 560A | 506 | Panama Air Force | Written Off 1980 |
| 33091 | Bell 412 | 1011 | Panama Air Force | To Civil |
| 53303 | Bell 407 Jetranger | Panama Air Force | ||
| Bolkow (Eurocopter) EC-145 (BK-117) | Panama Air Force | |||
| Hughes Hu-500 | Panama Air Force | |||