Puerto Rico’s airport giveaway - blogs.reuters.com.

Puerto Rico is drowning in debt. It is now in the process of leasing its Luis Munoz Marin International Airport to a Mexican firm Aeropuertos del Sureste (Aerostar). The airport (LMM) is the largest in the Caribbean, and it could become an international gateway to Central and South American cities. The lease deal lasts 40 years. However, studying the financial terms of the deal, it is not.

Could privatizing airport services help resolve.

Airport Investment Partnership Program, formerly Airport Privatization Pilot Program, allows public airport sponsors to sell or lease an airport and to exempt them from certain federal requirements that could otherwise make privatization impractical or public sponsors to manage an airport jointly with private operators.Summary (). The San Juan Airport privatization project involves a 40-year lease agreement between the Puerto Rico Port Authority (PRPA), Puerto Rico Public-Private Partnership Authority (P3 Authority) and Aerostar Airport Holdings, LLC (AAH), a joint venture alliance of two Mexican companies (ASUR and Highstar Capital).U.S. regulators said they approved a plan for investors to operate Puerto Rico's main airport for profit, boosting a long-standing federal effort to test the private-sector's appetite for.


The Puerto Rico Public-Private Partnerships Authority promotes an ongoing collaboration between the public and private sector with the ultimate aim of offering a high quality of life to all Puerto Ricans. The collaboration between these two sectors is key to promoting sustainable economic development and establishing Puerto Rico as a global competitor in the industry of goods and services.Airport privatization is approved in Puerto Rico, but won’t solve long-term problems. By Cate Long. February 27, 2013. Reuters reports: The U.S. Federal Aviation Administration signed off on Tuesday on a 40-year lease of Puerto Rico’s Luis Munoz Marin International Airport to Aerostar Airport Holdings LLC.

Luis Munoz Marin Airport Privatization Essay

With St. Louis Lambert as a non-starter, only Airglades International Airport, a proposed all-cargo facility in Florida, remains on the Federal Aviation Administration’s approved projects list. Since the FAA’s privatization program began in 1996, only two U.S. airports have adopted such plans, with one eventually returned to public management.

Luis Munoz Marin Airport Privatization Essay

As the Caribbean’s largest airport by passenger volume (with just under 9 million flyers per year), Luis Munoz Marin Airport becomes the first of its kind in the U.S. to be operated by a private.

Luis Munoz Marin Airport Privatization Essay

The Airport Privatization Pilot Program has attracted little interest from cities. But there are some signs that St. Louis’ bid could foreshadow a wider movement toward public-private partnerships.

Luis Munoz Marin Airport Privatization Essay

In 2019, the airport handled 9.4 million passengers, corresponding to around 90 percent of the total Puerto Rican passenger volume. San Juan Airport, which celebrates its 65th anniversary in 2020, is the first and currently the only large airport in the USA to be successfully privatized within the framework of the FAA Airport Privatization Pilot Program.

Luis Munoz Marin Airport Privatization Essay

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Politics scuppers St. Louis airport privatization.

Luis Munoz Marin Airport Privatization Essay

Airport Privatization: Issues and Options for Congress Congressional Research Service 2 Figure 1. Levels of Airport Privatization Source: Airport Cooperative Research Program (ACRP) Report 66, “Considering and Evaluating Airport Privatization,” p.

Luis Munoz Marin Airport Privatization Essay

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Luis Munoz Marin Airport Privatization Essay

Finally, the list includes Canada’s Public Sector Pension Investment Board (PSPIB) or PSP Investments as it is known, which is involved with nine airports around the world including a 40% stake in the so-far successful lease on the San Juan Luis Munoz Marin airport in Puerto Rico (which could count in its favour), together with the German AviAlliance which was sold to PSP in 2013 and which.

Luis Munoz Marin Airport Privatization Essay

The busiest airport in the Caribbean when measured by passenger traffic, Luis Munoz Marin International Airport (SJU) is located three miles southeast of the Puerto Rican capital of San Juan. In 2014, 8.6 million passengers flew into and out of the airport, which has two runways and two terminals.

Luis Munoz Marin Airport Privatization Essay

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Airport Privatization: Issues and Options for Congress.

Luis Munoz Marin Airport Privatization Essay

The past few years have seen an increased number of attempts to involve private capital at U.S. airports. The results of these potential public-private partnerships (P3s) have been mixed, with high-profile failures at Chicago Midway followed by successes in Puerto Rico and at the Denver Airport Great Hall.

Luis Munoz Marin Airport Privatization Essay

Westchester County Airport privatization: Still a long way to go, consultants say. There is still a lot to be done on airport privatization, yet another set of consultants tell the county legislature.

Luis Munoz Marin Airport Privatization Essay

New players enter St. Louis airport privatization debate: St. Louis and St. Charles counties Oct 19, 2019 They support a study that could call for regional control of St. Louis Lambert.

Luis Munoz Marin Airport Privatization Essay

St. Louis, a major city along the Mississippi River in the U.S. Midwestern state of Missouri, has taken a step forward in assessing whether to seek a private operator for St. Louis Lambert International Airport (STL) under the Federal Aviation Administration’s (FAA’s) Airport Investment Partnership Program, formerly the Airport Privatization Pilot Program.

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